Resin floor supplier introduces in-house manufacturing following acquisition
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Cheshire-based supplier of resin flooring, Vebro Polymers Group, will bring manufacturing in-house following the acquisition of a local rival.
The Knutsford supplier has bought Stretford-based PR Epoxy Systems in a deal that allows Vebro to introduce in-house manufacturing and warehousing capacity, while the integration of the business’ R&D, sales and customer service teams will enhance customer support.
The two companies will continue to trade under their existing names and PR Epoxy Systems’ MD, Pradeep Rawal will remain in an interim consulting role.
CEO and co-founder of Vebro Polymers, Craig Brookes, said: “PR Epoxy Systems is an extraordinary R&D focussed organisation with an amazing team and an impressive portfolio of epoxy products.
“Together, Vebro and PR Epoxy represent a formidable force, combining competencies that will allow both companies to better serve and react to market demands, as well as developing a robust product line of proprietary formulations that will better support the many specialised industries that our customers are selling into.”
Pradeep Rawal, managing director of PR Expoxy Systems, added: “Having invested over 30 years building the PR Epoxy Systems business, with the help of a loyal and dedicated team, it was very important to me personally to find the right acquisition partner who shared our company vision and values that would be able to sustain the PR Epoxy legacy long after my retirement.
“The Vebro Polymers team has a wealth of experience and success managing market-leading construction businesses and brands across the world, which will prove invaluable in maximising new opportunities for PR Epoxy customers.”
Law firm JMW advised Vebro Polymers on the acquisition and the team included Mike Blood, Sara Bluston, Simon Maddox and Laura Pointon.
Mike Blood, partner and head of corporate at JMW, said: “This deal is an enormous milestone for both businesses – I’ve no doubt it will be a hugely successful partnership as they pool their expertise and R&D knowledge to expand the Group’s product offering and grow market share.”