Derbyshire manufacturer attracts new majority shareholder
N Industries Group has bought a majority stake in Derbyshire-based Industrial Clutch Parts (ICP), a supplier of industrial brakes, clutches, friction materials and couplings.
ICP, of Whaley Bride, is a leading specialist distributor for major industrial brake and clutch brands including WPT, Danfoss Airflex and Goizper, alongside its portfolio of own-brand products and aftermarket parts and consumables. The company also has in-house manufacturing and refurbishment capabilities and works in the wind energy, process industries, metal pressing, medical and mining industries.
N Industries CEO Jonathan Bates-Kawachi said: “It is a great pleasure to welcome ICP to the n Industries Group. ICP is one of the leading specialist distributors and manufacturers of brakes, clutches and friction materials globally. The safety critical nature of their products makes ICP a strong fit with our mission to build a group of high-quality industrial businesses.”
ICP’s managing director, Chris Holmes, added: “Our decision to welcome n Industries as a majority stakeholder was driven by their innovative business model, which perfectly aligns with our ethos of remaining autonomous. This deal mirrors n-industries recent investment in our sister company Friction Technology Limited and gives us the necessary capital and confidence to accelerate our growth. This is excellent news for customers and all our major supply partners who will benefit directly from our expansion initiatives.
“I am particularly excited for the younger members of our team to work alongside Jonathan Bates-Kawachi and Duncan Penny, who has achieved remarkable success in growing SMEs. Their expertise and vision will be invaluable as we take this next step in our journey. Together, we are poised to build on our strong foundation and deliver enhanced value to our customers, supply partners and stakeholders.”
The deal was advised on by Cardiff-based GS Verde Group.
