Epiris-backed Diamorph completed the cqusition of Permali Gloucester from 3i Group.

Epiris-backed Diamorph, a firm engages in development, manufacturing and sales of high performance products, completed the cqusition of Permali Gloucester, a manufacturer of composites predominately for the defence sector, from 3i Group, a multinational investor. Financial terms were not disclosed. “These acquisitions allow Diamorph to broaden its composites competency and enter new markets. Permali has a long history of developing bespoke composite solutions for critical Defence applications since the 1930’s, whilst Tufnol has been manufacturing high performance composites since the 1920’s and has a highly regarded brand and reputation for delivering market leading wear performance in the Aerospace sector," Gordon MacLeman, Diamorph CEO.