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JMW advises Knutsford-based Vebro Polymers on key acquisition
Law firm JMW Solicitors has advised Knutsford-based Vebro Polymers Group on its acquisition of PR Epoxy Systems Ltd in a deal that marks a significant milestone for the business.
The deal allows Vebro to introduce in-house manufacturing and warehousing capacity, while the integration of the business’ R&D, sales and customer service teams will enhance customer support.
The two companies will continue to trade under their existing names and PR Epoxy Systems’ MD, Pradeep Rawal will remain in an interim consulting role.
CEO and Co-Founder of Vebro Polymers, Craig Brookes, said: “PR Epoxy Systems is an extraordinary R&D focussed organisation with an amazing team and an impressive portfolio of epoxy products. 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.”
Mark Verinder, CFO and Co-Founder of Vebro Polymers said: "Vebro has very quickly demonstrated a proven track record of success and market growth built on superior product quality, industry experience and providing custom-driven solutions. Both Vebro and PR Epoxy share similar values and complementary strengths, which is why we believe PR Epoxy to be a great fit for the next chapter of our business. Our teams are very excited to join forces and work on new initiatives that will expand product options and support services even further."
Pradeep Rawal, Managing Director of PR Expoxy Systems added: “We are delighted to now be 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 that would be able to sustain the PR Epoxy legacy long after my retirement.
“The Vebro Polymers team has a wealth of experience and success managing market-leading construction businesses and brands across the world, which will prove invaluable in maximising new opportunities for PR Epoxy customers.”
Mike Blood, Partner and Head of Corporate at JMW Solicitors, said: “This deal is an enormous milestone for both businesses - I’ve no doubt it will be a hugely successful partnership as they pool their expertise and R&D knowledge to expand the Group’s product offering and grow market share.”
Vebro Polymers Group is an international specialist in the sale and marketing of resin-based flooring systems, pump and proprietary cementitious levelling screeds, as well as car park deck waterproofing and wearing solutions.
PR Epoxy Systems is a leading UK based formulator and manufacturer of epoxy resin-based flooring, grouts, adhesives and intermediates.
The team at JMW Solicitors who advised on the acquisition included Mike Blood, Sara Bluston, Simon Maddox and Laura Pointon.