Battery Ventures Acquires Goodfellow, Global Consulting and Specialty Materials Company
BOSTON–(COMMERCIAL THREAD) – Battery Ventures, a global technology-focused investment company, announced the acquisition of Goodfellow, a specialist supplier of high-quality materials for research and development, prototyping and specialty manufacturing. Terms of the transaction were not disclosed.
Headquartered in Cambridgeshire, UK, Goodfellow has subsidiaries in China, France, Germany and USA to serve its global customer base. Customers include leading manufacturers, government research facilities, laboratories, and leading universities around the world. Customers look to Goodfellow for high quality raw materials and semi-fabricated components that meet the most rigorous quality standards for their research as well as specialized manufacturing requirements, such as prototyping new products.
The vast research and development (R&D) market is poised to grow as the proportion of the world’s population working in engineering and research increases, resulting in additional R&D activity and expenditure. At the same time, as the scrutiny of materials in the global supply chain increases, companies and laboratories recognize the importance of turning to a trusted partner who can guarantee the purity and exact characteristics of materials. used in researcher workflows.
Goodfellow’s extensive product catalog includes more than 70,000 products, composed of more than 700 different materials in multiple forms, including alloys, ceramics, composites, compounds, glass, metals and polymers. In addition, the company also provides tailor-made services to its clients. Employing highly sophisticated scientists and engineers with in-depth technical knowledge of materials and their processing requirements, Goodfellow works with clients to recommend materials and products to suit their specific application requirements.
“Goodfellow has built a solid reputation for first-class customer service in an industry where quality, reliability and expertise are essential, ”said Jesse Feldman, General Partner of Battery Ventures. “We look forward to continuing this legacy and continuing to serve Goodfellow’s customers around the world by expanding the company’s international operations and expanding its product line, including through targeted mergers and acquisitions, as well as improving the digital sourcing experience for customers, making it easier for them to purchase more materials online. . ”
Goodfellow Sales Director Simon Kenney will succeed Stephen Aldersley as CEO. Aldersley will continue to support Goodfellow as a consultant to help the company transfer the new ownership. In addition, Battery Ventures Executive-in-Residence Tom Reslewic will join as Executive Chairman to help Goodfellow’s management team grow the business and oversee potential future acquisitions. Battery’s Feldman and Battery vice president Justin Rosner will join the company’s board of directors.
“Our goal has always been to be a trusted supplier of the most comprehensive line of materials for research, development and specialty manufacturing to ensure that our customers can have what they want, when they need it. , wherever they are, ”Kenney said. “Battery Ventures, a well-capitalized global investment firm, will bring additional resources and deep expertise in the industrial technology market to help us accelerate growth in the next phase of Goodfellow’s journey. We look forward to continuing to build on Goodfellow’s legacy and thank Stephen for his key contribution to the company thus far.
Battery continues to expand its investment activity in industrial technology markets and has completed over 60 industry-related transactions in the United States and Europe since 2003. For a complete list of Battery’s portfolio companies, please click here.
With more than 6,000 customers supported by a global network of offices, agents and distributors, Goodfellow is one of the world’s leading suppliers of metals, alloys, ceramics, glasses, polymers, compounds, composites and other materials to meet the demands of research, development and specialized production requirements of scientific and industrial. The company has a wide range of 70,000 catalog products in multiple forms available in store, most subject to free delivery within 48 hours and with no minimum order quantity. Goodfellow also offers a full range of bespoke processing services, functioning effectively as an extension of a customer’s production team to develop custom made components in any quantity required.
Goodfellow’s in-house team includes fellow scientists and engineers with in-depth knowledge of materials and processing. Through its technical expertise and a range of specification tools, the company has built an unrivaled reputation for helping find solutions to the most difficult research problems. All of their products are backed by ISO 9001 quality accreditation. Full product details in the Goodfellow catalog are available at www.goodfellow.com.
About Battery Ventures
Battery partners with exceptional founders and leadership teams to develop category-defining businesses in markets such as software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the company supports businesses at all stages, from seed to growth and buyout, and invests globally from six strategic locations: Boston; San Francisco and Menlo Park, California; Herzliya, Israel; London; and New York. Follow the company on Twitter @BatteryVentures, visit our website at www.battery.com, and find a full list of Battery portfolio companies here.