Acquisition heralds further growth for plastics products manufacturer
Barnsley-based Naylor Specialist Plastics has acquired 100% of the share capital of Schauenburg Technical Solutions.
Schauenburg is a Gainsborough-based manufacturer and supplier of ventilation duct, pultrusions, GRP pipes, formwork and other technical products, with a £4m turnover and 20 employees.
Offering some overlap with the existing Naylor range as both businesses manufacture ventilation duct, the acquisition also introduces new products to the business, most notably the Novoform permanent formwork range and a pultrusion manufacturing capability.
Following the deal Schauenburg has been renamed Naylor Technical Solutions with immediate effect and the new business will operate as a “stand alone” subsidiary of Naylor Specialist Plastics.
Activities will continue on the Gainsborough site and Schauenburg’s Chris Simpson will remain with the business as managing director, overseeing its integration into the Naylor Group.
Naylor Group chief executive, Edward Naylor, said: “We’re looking forward to working together with Chris and the Schauenburg team to maximise the business’ potential.”