HALESWORTH: Lime Technology has today announced the acquisition of 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. A 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.
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 and 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.”
