
Anacacia successfully sold Lomb Scientific in a trade sale in December 2010 following three great years working together.
Lomb is a leading distributor of chemicals, consumables and instrumentation to scientific laboratories in the Asia-Pacific region with offices across Australasia. Anacacia approached Lomb in late 2007 as part of its research into businesses with a low correlation to the economic cycle. Lomb had succession and growth issues where Anacacia could assist. Anacacia helped recruit a new Managing Director and added two Anacacia directors to the Board.
Anacacia assisted with key strategic, financial and operational decisions to help substantially lift earnings and position the business for a successful sale. The result was outstanding for the founder's family, management team and Anacacia shareholders.
Alan Lipman, Executive Director of Lomb said: “Anacacia have added tremendous value to our strategy and operations and I have thoroughly enjoyed working with them. I will gladly give any business owner several million reasons why they should try to entice Anacacia to invest in their business.”