James Briggs, one of the largest consumer chemicals businesses in Europe, has been bought by Rochdale, UK-based Tetrosyl.
The company, which is based in Oldham, Greater Manchester, was founded in 1830. It has the capacity to distribute up to 150 million aerosols and 30 million litres of product annually, Insider Media reports.
James Briggs was previously owned by private equity investor Endless. With the purchase by car care products manufacturer Tetrosyl, Endless will no longer be associated with James Briggs.
"The business is in excellent condition, has real momentum and Tetrosyl's ownership will ensure the longevity of the company for our customers and suppliers, while the combination will create opportunity for our talented and valued employees,” said Paul Blackaby, CEO of James Briggs.
"I would like to thank Endless, who are now exiting their investment but who have been hugely supportive of the business over the last few years."
Tom Jack, a partner at Endless, added: "We hope that joining forces with a business such as Tetrosyl is an exciting outcome for the loyal workforce at James Briggs. We would like to thank all the James Briggs team for their hard work and absolute dedication to quality, safety and customer care, and we wish them and Tetrosyl the very best of success as this historic business continues to go from strength to strength in the future."