Filtermist International completes acquisition of industrial vacuum cleaner manufacturer

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.


Share this article



Latest Businesses for Sale

Signs Designer, Manufacturer & Installation
Cheshire, UK Wide

A well-established and respected name within the industry and are designers, manufacturers and installers of shop and factory signs as well as vehicle graphics, exhibition material, flags and flagpoles, labels, CNC machining, Flat bed and roll to rol...

Asking Price: £259,950
Turnover: £550,000

LEASEHOLD


Hardwood Conservatories, Orangeries, Windows & Doors
South East, UK

Well-established specialist in the design, manufacture and installation of high-quality hardwood conservatories, orangeries, windows and doors. Bespoke projects designed and manufactured on-site. This is a retirement sale. Offers invited.

Asking Price: Offers Invited
Turnover: £710,000

Industrial Mechanical Lifting & Handling Systems Manufacturing
North Yorkshire, Yorkshire and the Humber, UK

Comes with extensive inventory of quality plant and equipment included. Huge scope to develop for 'hands on' operator or outstanding specialist acquisition for expanding engineering & fabrications solutions provider. Offers invited.

Asking Price: £599,950
Turnover: £667,808

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
04
 
Jun
 

Frankie & Benny’s owner to permanently close 120 restaurants | BUSINESS NEWS

The Restaurant Group, which owns chains including Frankie & ...

 
03
 
Jun
 

28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...

 
02
 
Jun
 

Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources