ThinCats, the leading alternative finance provider to mid-sized SMEs, has provided funding to support Derbyshire-based Protective Sealants Ltd (PSL) with the acquisition of Drisilane, a key distributor of PSL products.
Founded by Stuart Taylor in 2018, PSL is a specialist manufacturer of industrial sealants serving the roofing and wider building products market. Drisilane, based in Cardiff, is a well-established distributor of PSL products, supplying contractors and trade buyers across the UK roofing coatings industry. The business has played an important role in bringing PSL’s products to market, with its customer base and sector relationships helping to build the brand’s presence across the trade. Drisilane’s close alignment with PSL’s product range made it a strategically important acquisition for the group.
Looking ahead, PSL plans to continue developing new products to broaden its offering and support expansion into adjacent end markets over the longer term.
The transaction was advised by Steve Thornhill of Intelligent Corporate Finance.
PSL is an ambitious and growing business with a differentiated product offering, strong position in its market and clear growth strategy. The acquisition of Drisilane is a highly complementary transaction that strengthens PSL’s long-term growth plans and we are delighted to have supported Stuart and the team on this important step in the company’s development.Andrew Sanders, Director at ThinCats
Stuart Taylor, Founder of Protective Sealants Ltd, said:
“Acquiring Drisilane is an important milestone for PSL. The business has been a key distributor of our products and has helped establish our presence with contractors and trade customers across the UK. Bringing Drisilane into the group gives us greater control over distribution, allows us to work even more closely with customers and provides a strong platform for future growth. With ThinCats’ support, we are well placed to build on recent wins, continue investing in new product development and expand into new markets over time.”