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.
Well-established company specialising in the manufacture and supply of high quality work wear mainly for the healthcare industry being an approved provider to the National Health Service but also supplying other industry sectors. The company is long...
LEASEHOLD
Manufacturing business operating in a clearly identified niche market. The business has been operating for almost a quarter of a century and has built up a first class reputation. Offers invited.
FREEHOLD
Well established business dealing in a niche market. Work undertaken for commercial and domestic use. Company operates throughout the UK and will design, manufacture and install. Offers invited.
LEASEHOLD
|
24
|
|
Jan
|
Hawkin’s Bazaar enters administration | ADMINISTRATION
Norwich-based novelty toy retailer Hawkin’s Bazaar has...
|
23
|
|
Jan
|
MBO at Bristol-based media training firm | MBO/MBI
Mentor Media Training has been acquired by lead consultant D...
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources