21 September 2021
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Goodfellow bought by venture capital firm

Investment firm Battery Ventures has acquired Goodfellow, the specialist supplier of high-quality materials for research and development, prototyping and specialised manufacturing. Terms of the transaction were not disclosed.

Headquartered in Cambridgeshire, UK, Goodfellow has subsidiaries in China, France, Germany and the United States to serve its global customer base. Customers include advanced manufacturers, government research facilities, laboratories and top universities worldwide. Clients turn to Goodfellow to procure 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 new product prototyping.

Goodfellow’s product catalogue includes more than 70,000 products, consisting of over 700 different materials in multiple forms, including alloys, ceramics, composites, compounds, glass, metals and polymers. In addition, the company also provides custom-made services for its clients.

Battery Ventures general partner Jesse Feldman said: “We look forward to continuing its heritage and further serving Goodfellow clients worldwide by growing the company’s international business and broadening its product range, including through targeted M&A, as well as improving customers’ digital-procurement experience - allowing them to more easily buy 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 business transition the new ownership. In addition, Battery Ventures executive-in-residence Tom Reslewic will join as executive chairman to help the Goodfellow management team grow the business and oversee potential future acquisitions. Battery’s Feldman and vice president Justin Rosner will join the company’s board.

Kenney said: “Battery Ventures, a well-capitalized, global investment firm, will bring additional resources and a deep expertise in the industrial-technology market to help us accelerate growth in the next phase of Goodfellow’s journey.”

Author
FAST magazine

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