(PRESS RELEASE) LEICESTER, 5-Mar-2020 — /EuropaWire/ — High-precision polymer assemblies and components manufacturer Nylacast has announced it has acquired Leicester, UK based Viva Nylons. Nylacast is backed by private equity firm Equistone and the deal is said to be part of the company’s expansion plans. Equistone’s investment in Nylacast was made in 2018 and the current transaction is the company’s first acquisition since the PE firm’s backing.
According to the deal terms Viva Nylons will become a wholly owned subsidiary of Nylacast keeping its brand unchanged for the foreseeable future while the acquisition amount the deal was agreed on was not disclosed.
Nylacast is committed to offering value-adding engineered solutions to its customers, which include leading manufacturers across multiple industries like construction, transport, pharmaceuticals, defence, marine and energy and today’s deal is part of its growth strategy.
Viva Nylons produces cast nylon semi-finished products and delivers a wide stock range of plates, rods and tubes to distributors and machining centres with clients all over the world.
Commenting on bringing together two successful, engineering-led companies, Mussa Mahomed, Nylacast Group CEO, said:
“We are delighted to welcome Viva Nylons to the Nylacast group. This acquisition brings together two successful, engineering-led companies at the forefront of polymer technology. It is also intuitive to our increasing demand for capacity and expansion.”
Steve Aldred of Viva Nylons on becoming a part of Nylacast:
“It’s incredibly exciting for the Viva Nylons team to now be part of the much bigger Nylacast family. For the employees of both companies it’s a fantastic opportunity to share experiences and develop further together.”
Nylacast in brief:
Nylacast, based in Leicester, UK, operates several manufacturing plants around the world and employs some 530 people. The engineering company is specialised in custom-engineered, low-weight, low-friction components used in safety-critical applications to maximise production and minimise downtime.
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SOURCE: Equistone Partners Europe Limited