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.”
An established steel fabrication business in the East Midlands offers an attractive opportunity for those looking to enter or expand in the industry.
This timber product and treatment plant in the Midlands presents a unique opportunity for industry professionals seeking to expand their operations in a prime location.
Opportunity to acquire a long-established manufacturer of industrial paints and coatings, offering an extensive product range to diverse customer segments. The business stands out for being the only manufacturer of water-based paint products specific...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.