Air filtration specialist expands with £2.3m acquisiton
Telford based industrial air filtration specialist Filtermist International has expanded its operation with the acquisition of a Midlands manufacturer in a deal worth £2.3m.
Filtermist, part of the Swedish Absolent Group, has acquired dust removal firm Dustcheck.
Established in 1978, Dustcheck manufactures industrial dust collectors and industrial air filtration systems at its premises in Stoke-on-Trent.
The acquisition by Filtermist is designed to significantly strengthen the company’s service offering in the UK’s dust extraction market as part of strategic growth plans.
James Stansfield, managing director, Filtermist, said: “Filtermist is the UK market leader for oil mist extraction and began expanding its service proposition to include dust, fume and smoke when it became part of the Absolent Group in 2010.
“The company’s capabilities increased again with the acquisition of Filtertech and Multi Fan Systems last year; the deal with Dustcheck will further strengthen our dust extraction offering – particularly in large, centralised extraction systems.
“We are confident that this latest acquisition will play a key role in ensuring the company meets its targets.”
Filtermist International is currently enjoying record growth – sales increased by 30% between 2015 and 2016 and acquisitions are a key factor in the company’s plans for the future.
The deal sees Dustcheck founders Ed and Di Spires retire from the business, but all other staff including the existing management team, will remain at the company’s Stoke office.
