Convex has advised the Shareholders of Astley Signs Limited, one of the UK’s leading manufacturers and suppliers of brand-building signage and creative graphic solutions, on their sale to Mindelon AB, a sister company to KAMIC Group and Amplex. Collectively they are a privately owned Swedish corporate group that acquires, supports and develops technology-based businesses in several well-defined niches.
Astley was founded in 1924 and offers everything from the production of a graphic profile and design to the installation of both large facade signs and small signs and graphic elements for attracting attention and wayfinding in retail stores and buildings.
Astley has a large customer base of well-known global brand owners for which the company provides both bespoke solutions for unique environments and wider signage programmes for retail chains. The head office is in Gateshead, North-East England. The company also has units for production and service in Kettering, Leeds and Glasgow. The business has circa 150 employees and annual sales of circa £16 million. As a result of the acquisition, Astley is now an independent company in Mindelon’s Retail Solutions business area.
The sellers of Astley Signs Limited are David Redhead, up to now Chairman of the Board, Gavin Redhead, Managing Director, and David Forrester, Sales Director, of whom the latter two will continue their involvement with the company in their respective positions.
