Magna Colours has reported that it has acquired the goodwill and inventory of LJ Specialities, which supplies pigments, dyestuffs and speciality chemicals. This follows a recent announcement on the closure of LJ Specialities by owner Plastribution, a polymer distributor.

“The LJ team led by Andy Lee will transition to employment with Magna Colours and will immediately support the transition to Magna,” says the company. “The transition will come with challenges and opportunities for Magna, the LJ employees, customers and suppliers, but with goodwill and efforts on all sides a smooth continuation of service will be created.”

All previous orders placed with LJ will be supplied from LJ and managed with no change with respect to delivery or payment, says Magna. All future orders will be managed and delivered from Magna Colours, which is based in Barnsley. Existing contact details for the LJ team will remain the same.

The Magna Colours chairman, Tom Abbey, commented: “The complimentary skills of the Magna and LJ teams gives us a superb opportunity for future growth and to serve both customer groups with additional services.”