It has been announced that the JMH Financial Services Group has made a recommended offer to acquire Demica plc. This offer has now been declared unconditional. The JMH Financial Services Group is a division of J.M. Huber Corporation, one of the largest privately held companies in the United States.
The acquisition of Demica will further strengthen the Group’s position as the leading independent provider of liquidity management solutions. The acquired company, to be known as JMH Demica, will retain its full customer support infrastructure based near the City of London. The senior management team will continue to be led by chief executive, Tim Nicolle and chief operating officer, Simon Creed.
