Convex advised the Shareholders of Dailys Limited, a supplier of non-woven disposable protective clothing, primarily chemical protective coveralls for industrial use, on a sale to 3M, an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods. The transaction that valued the business at 9 x EBITDA.
Dailys is a family business with over 40 years of experience in converting non-woven fabrics. Dailys works with leading non-woven extruders to bring innovation and quality to industrial, medical, personal care and consumer markets. Its recognised brands such as Macrobond, Candour FR and Candex coveralls are internationally respected for value and quality.
“We are delighted with the result that Convex achieved for us, which exceeded all our expectations. Their service levels throughout the process were exceptional.”
David Sallon, Founder & Chairman
