Thu, 18 Jul 2019 | BUSINESS SALE
Filtermist International, an air extraction and filtration specialist based in Telford, has successfully completed the acquisition of Kerstar Limited, a company which manufactures industrial vacuum cleaners from its site in Northampton.
This specific acquisition is the third of Filtermist Intenational’s this year.
Kerstar Limited founded in 1960 and presently exports its goods to 19 countries across the world.
Chief executive of Filtermist International, James Stansfield, commented on the acquisition, saying: “The opportunity to add Kerstar to our portfolio offered a very interesting proposition for Filtermist.
“Its products are used by a number of our existing customers in a range of industrial sectors so are a perfect addition to our offer.
“The firm also has a presence in some markets that we’re not currently active in, so offer a good opportunity to cross-sell expertise and services from our other business units.
“Kerstar already has established routes to global markets and we will be expanding this side of the business using our own channels and exporting experience.”
Previous owners of Kerstar, Andrey and Tom Starcevic, will assist with the transition of the company post-acquisition for a period of time, whilst all existing employees will be retained in their current positions.
Starcevic said: “Kerstar has been a family firm for almost 60 years and, in that time, the business has grown significantly and achieved a huge amount.
“We are very pleased to have found a buyer that is willing to invest in the firm to ensure it continues to grow and we wish Filtermist every success in the future.”
For more news stories about acquisitions, click here. For all our business for sale listings, click here.
Achieved a YE20 turnover of £942k. Generated pre-pandemic turnover of £1.44m in YE19. Highly regarded business operating over a span of two decades.
RELOCATABLE
Specialises in the provision of polymer injection moulding, incorporating a comprehensive range of services, including engineering and assembly.
LEASEHOLD
Established over 20 years; owned by current shareholders from inception. Excellent reputation in sector and high levels of client retention.
LEASEHOLD
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