DCS Group of Companies taken over in £6.6m deal
West Yorkshire-based DCS Group has been acquired by an industrial air filtration and extraction specialist in a deal worth £6.6m.
Filtermist International, which is part of the Absolent Group, said that purchasing DCS Group “will provide the group with the opportunity to increase its global presence in key sectors, including pharmaceutical and woodworking.”
Founded over 30 years ago, the DCS Group collectively acts as a designer, supplier, installer and commissioner of fume and dust extraction systems.
The £11.4m-turnover group, which has a site in Dewsbury and one in Wetherby, consists of a number of specialist enterprises including DCS Limited & Cades, Ecogate Limited and Gallito Limited.
Following the deal, DCS Group will be integrated and consolidated into Absolent Group.
Absolent Group currently includes Filtermist International Ltd, Absolent AB, Avani Environmental International Inc., Bristol T&G International GmbH, Dustcheck Ltd and Multi-Fan Systems Ltd in its portfolio.
James Stansfield, Filtermist International CEO, said: “This latest deal is designed to significantly enhance Absolent Group’s presence in the dust and fume extraction market.
“We have extremely ambitious targets over the next five years and increasing our presence in all of our market sectors is a key strategic objective. We will be combining the strengths of our companies to offer our customers a complete solution for air extraction and filtration.”
He continued: “Traditionally, Filtermist has been known for its oil mist extraction capabilities – the acquisitions we have made so far mean that as a company we are now able to offer dust and fume extraction, VOC abatement, odour control, solvent recovery and more.
“We offer a full turn-key service for customers that need to ensure the air is free from a wide range of contaminants. This ranges from initial recommendations and project management services, to equipment manufacture and supply, installation, commissioning and after-sales support.”
Filtermist International was supported by PKF Cooper Parry and Legal Clarity during negotiations, whilst the sellers were advised by the Camlee Group alongside Yorkshire law firm Gordons and Bradford accountants Naylor Wintersgill.
