Lloyd Ltd Acquires Border Group
Lloyd Ltd is delighted to announce the acquisition of Border Group, joining together these two family-run, Cumbria-based businesses to build for the future. Including Border Barrier Systems, Border Loos and Border Show Services, Border Group was founded in 1989 by Philip Armstrong, who sadly passed away in 2020 after a long illness. Barry Lloyd and his family have been long-standing close friends of Philip and were keen to acquire the opportunity to continue his legacy and build on his success, with the natural synergy between the two businesses making it an exciting proposition for buyer and seller alike.
Border Group’s extensive portfolio covers the construction and events sectors. As the lockdown eases and events re-commence, there are great opportunities as Henry Lloyd, Co-Director, commented: “The new demand for events and experiences will make Border Group the go-to company for event equipment. They have always supplied both local and national events – including the London 2012 Olympics – so we are excited for the future.”
Charles Riddell, the new Managing Director, will be working closely with Henry to develop the business. With extensive commercial experience, having been a director of Cumbria Waste Management for many years, Charles is keen to harness the potential of this local company: “The new acquisition comes at the perfect time for Border Group after an understandably challenging year throughout which the staff have worked incredibly hard to maintain the business. The Lloyd family is making a significant investment in this well-known company to help generate future growth from its successful foundations and create additional employment.”
Lloyd Ltd has further strengthened Border Group by completing a second transaction, investing in the Rhino Barriers intellectual property from PolyJohn International. This gives Border Group control of the product from design through to manufacturing and distribution, resulting in greater market opportunities. Henry added: ““Border Barriers” has always been commercially important to the company, providing essential vehicle and pedestrian safety products, and the Rhino acquisition gives Border Group yet more scope to develop this part of the business. We are looking forward to revitalising Border Group, using the alliance between the two companies to develop new opportunities.”