OPRO:
Supporting a family business through a double acquisition
For many well-established businesses, buying other companies enables even greater security and success.
Find out how our deal specialists guided mouthguard experts OPRO through the simultaneous purchase of two key suppliers.
The challenge
OPRO are market leaders in sports mouthguards. A UK-based business, they are trusted by grassroots athletes and professional players alike – including England Rugby, USA Wrestling, GB Taekwondo and the Gaelic Athletic Association. Both family-owned and tech-driven, OPRO’s royal Awards for Enterprise in Innovation span three decades.
As a key step in OPRO’s growth, they entered discussions to buy their suppliers Two-Shot Moulding and Kaden Plastics: two limited companies under common ownership. A single strategic deal involving two concurrent acquisitions, this required separate but co-ordinated due diligence, legal documentation and execution processes for each entity.
What we did
Throughout the acquisition process, our deals specialists worked closely with OPRO, OPRO’s legal advisers Teacher Stern and the other parties. Our support included:
- Drafting the heads of terms and helping OPRO to negotiate the key commercial and financial aspects of the transaction
- Financial and tax due diligence on Two-Shot Moulding and Kaden Plastics
- Specialist advice on the financial, accounting and tax implications of the share purchase agreement
Despite limited financial information being available to us on Two-Shot Moulding and Kaden Plastics, we were able to produce detailed reviews covering cash movements, historical value extraction by shareholders, and the normalised working capital requirements.
The result
In August 2026, OPRO successfully completed their purchase of Two-Shot Moulding and Kaden Plastics.
This has given OPRO greater control over the manufacture of the specialist plastics used in their innovative products, strengthened their security of supply and enabled them to continue their founder’s mission to tackle preventable dental injuries in sportspeople.
Daniel Lovat
Co-Managing Director
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