23 Juli 2009

Lime Technology buys Hemp Fibre Producer Hemcore

Akquisition of UK's Largest Processor secures shiv supply

Lime Technology, the UK’s leading developer and manufacturer of lime based low carbon building products, has acquired Hemcore, the Suffolk based industrial hemp processor and supplier. The business was purchased from Hemcore’s administrators.

Lime Technology has been working with Hemcore over the past five years, as part of the supply chain for its Tradical Hemcrete product. An innovative product used to create carbon negative, highly thermally efficient walls, it is a mix of hemp shiv, supplied by Hemcore, and a lime based binder.

Hemcore Technology factory
As part of the acquisition, Lime Technology will be retaining the Hemcore offices and factory in Halesworth. It is planned that current members of staff will be retained and the plant will continue operating. The Hemcore brand name will be retained but as part of a long term growth strategy the business will be renamed Hemp Technology Limited, a wholly owned subsidiary of Lime Technology.

“The acquisition is part of the continued growth of Lime Technology and its Hemcrete brand,” commented Lime Technology’s Chairman & Technical Director, Ian Pritchett. “It will enable us to have greater control over our supply chain which in turn will enable us to pass on efficiencies and cost savings to our clients.”

As well as providing hemp shiv for Hemcrete and other construction products, Hemp Technology will continue to provide a range of products including horse bedding and fibre to the automotive industry. Hemp fibre is used as a lightweight renewable alternative in body panels in many cars as well as being the raw material for hemp insulation. In addition, the company is planning to expand its base of farmers for the growing season of 2010.

Source: Hemcore Ltd., 2009-07-22.

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