Oxford, United Kingdom, August 15, 2018 --(PR.com
)-- Benchmark International is delighted to announce the sale of Warwickshire based manufacturer of riser doors, steel doors and access panels, Profab, to home security specialist, ERA.
Established in 2000, Profab provides to a B2B client base worldwide, with its products featuring in a number of prestigious buildings.
ERA, a division of Tyman Plc, is a specialist in the design and manufacture of window/door hardware and home security alarm systems. In 2017, Bilco UK Ltd, a provider of standard and bespoke roof access hatches, floor doors, ladders and smoke vents, and Howe Green Limited, a manufacturer of fabricated floor access covers, linear drainage, tree pit covers and bespoke metalwork, became a part of ERA, following the acquisition of Howe Green.
The acquisition is expected to strengthen Bilco UK’s "Safe Access All Areas" proposition, providing architects, specifiers, and building service professionals with a turnkey operation for trusted, high quality, and safe access solutions for roofs, floors, walls and ceilings.
Following the acquisition, manufacturing and sales will continue at Profab’s Atherstone premises. Majority shareholder of Profab, Adrian Allbrighton, will be leaving the company immediately, while Technical Director, Austin Stone, will remain in his role. James Fisher, Managing Director for Bilco UK and Howe Green, has been appointed as the new Managing Director of Profab.
Commenting on the acquisition, James Fisher stated, “We are delighted that this latest acquisition will enable Bilco UK to offer our customers an unparalleled range of access solutions. The three brands serve the same market, share common values and offer complementary product ranges. They have all developed from family businesses. Strong customer relationships combined with quality products and an innovative culture are the factors underlying their success. We are very excited at the opportunities that this acquisition presents.”
Benchmark International would like to thank all parties involved and we wish them all the very best of luck for the future.
We are ready when you are.
Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkCorporate.com
Europe: Carl Settle at +44 (0)161 359 4400 / Settle@BenchmarkCorporate.com
Africa: Anthony McCardle at +2721 300 2055 / McCardle@BenchmarkCorporate.com
About Benchmark International
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.