Rubber products supplier snapped up by industry giant

A Birmingham-based manufacturer specialising in rubber extrusion products has been acquired by Worcestershire’s Reddiplex Group.

Veker Extrusions is known for providing rubber extrusions, gaskets, seals, and mouldings for the construction, marine, automotive and rail industries.

Reddiplex, a manufacturer of plastic and rubber extrusions with four operating companies, aims to expand its product range and strengthen its position in the market through the acquisition.

The sale of Veker Extrusions was supported by Evolve Corporate Finance, who advised the company’s directors and shareholders, Paul Kersel and Kevin Crossley.

Evolve Corporate Finance’s advisory team was led by David Neate, with legal advice provided by Penningtons, represented by Richard Wrigley.

David Neate, partner and co-founder at Evolve Corporate Finance said: “We are delighted to have supported the shareholders on the company’s sale to Reddiplex. This sale represents the culmination of a life’s work for Paul and Kevin and a great result for them. In addition, under the ownership of Reddiplex, Veker has a bright future and is well positioned for future growth.”

Richard Wrigley, corporate partner at Penningtons said: “We are delighted to have advised Veker on this strategic sale to Reddiplex. I have no doubt Veker has a bright future as part of the Reddiplex Group and will continue to prosper and grow.”