Date29 Mar 2021
Headquartered at Trafford Park, PR Epoxy Systems Ltd has a long history of formulating and manufacturing high-quality epoxy-resin based products for an international rollcall of clients across the globe dating back to 1988.
The acquisition of PR Epoxy Systems Ltd into the Vebro Polymers Group is a significant milestone in the company’s growth plans, introducing both in-house manufacturing capabilities and warehousing capacity – in addition to strengthening the service and technical support that can be provided to customers through the integration of seasoned sales, customer service and research and development teams.
Vebro Polymers and PR Epoxy customers across Europe and beyond can also expect to benefit from a broader product portfolio on top of increased agility, product accessibility and reduced lead times.
PR Epoxy Systems Ltd is one of only a few privately-owned, independent home-grown epoxy resin manufacturers remaining in the UK. The company takes products to market under its own brand as well as offering a private-label service for other manufacturers and specialist applicators.
“PR Epoxy Systems is an extraordinary, R&D focused organisation with an amazing team and an impressive portfolio of epoxy products,” says CEO & Co-Founder of Vebro Polymers, Craig Brookes.
“Together, Vebro and PR Epoxy represent a formidable force, combining competencies that will allow both companies to better serve and react to market demands as well as developing a robust product line of proprietary formulations that will better support the many specialised industries that our customers are selling into”.
Pradeep Rawal, Managing Director of PR Epoxy Systems Ltd, adds, “We are delighted to now be a part of the Vebro Polymers Group and are very much looking forward to collaborating with our new colleagues.
“Having invested over 30 years building the PR Epoxy Systems business, with the help of a loyal and dedicated team, it was very important to me personally to find the right acquisition partner, who shared our company vision and values and that would be able to sustain the PR Epoxy legacy long after my retirement. We have received terrific support from Tim and the team at Azets, who helped us navigate and negotiate the transaction. We appreciate the dedication of the team in managing a smooth process throughout and delivering a successful transaction.”
Tim Mills, Corporate Finance Partner at Azets in Manchester led the deal and was supported by Jenny Pape, tax partner while Mairead Platt, Nicola Whittle and Paul Nicholls of Brabners provided legal advice to the vendor.
Tim Mills, Corporate Finance Partner at Azets, in the North West said:
“We were delighted to advise Prad and Anjla on the sale to Vebro Polymers Ltd and it’s great to see the success of their company being recognised. Despite the challenges of the pandemic, Brexit and the uncertain economic outlook, this deal proves that attractive, well managed businesses will always be in demand. It’s credit to the resilience and enterprise of the North West business community that our teams remain so active.”