KBS Corporate has advised upon the sale of SterileFLAT Antibacterial Limited, a Berkshire-based manufacturer and supplier of peripheral IT products to the medical sector.
Established in 1995 as Rainbow Components Limited, the company originally began supplying high quality keyboards and mice to the IT industry. Over the years, alongside a change of name, the company began supplying to a much more niche market, with clients in the medical sector consisting of hospitals, doctors surgeries, medical centres, laboratories and dentists. The original business model was designed in collaboration with a NHS hospital trust, and the company has since become an approved supplier to the NHS.
SterileFLAT’s products include medical keyboards, mice and mouse mats, that can be sterilised using antibacterial and alcohol based products to reduce the spread of MRSA, Cdif, Noro Virus, E Coli and Salmonella. The company prides itself on the hygienic nature of its products, whereby the flat keyboards allow no dirt or possible infection to build up.
With a strong portfolio of over 250 clients, and two new projects under development, the opportunity to acquire SterileFLAT generated high levels of interest among those targeted by KBS Corporate. A mixture of around 20 trade buyers and private investors came forward and signed NDAs.
The acquirer, Admor, is a Rustington-based supplier of administrational and customer-service related products to the dental industry. Products include in-surgery consumables, marketing materials, reception furniture, admin systems, stationery products and signage, to name a few.
Matt Clancy, Director at KBS Corporate, commented on the deal, “With both companies located in the South East, and operating within such a niche area of the medical sector, we identified a strong synergistic fit from the outset. I’m sure that SterileFLAT will continue to thrive under the ownership of Admor. I wish both parties the very best for the future.”
Our nominated legal firm provider, Gateley, provided legal advice to the shareholders of SterileFLAT.