Benchmark International has successfully advised the shareholders of Verplas Limited on the sale of the Company to Indutrade AB for an undisclosed sum.
Established in 1986, Dorset-based Verplas provide extrusion and injection moulding services for ventilation and ducting products.
The acquirer, Indutrade is a group of more than 180 companies, operating across 26 countries. The group has two main focus areas – industrial technology sales and companies that manufacture their own products. The organisation is based on the decentralisation of decision-making and responsibility, long-term relationships and entrepreneurship.
The marketing process drew a huge amount of interest with some 60 interested parties consisting of UK and International trade buyers, HNWIs and private equity firms.
Ian Sellwood of Verplas commented, “I’m delighted to conclude the sale of Verplas to the Swedish group, Indutrade AB. Benchmark International sourced the idea acquirer with complementary operations worldwide and helped negotiate a deal that both parties were happy with.”
Benchmark International would like to thank everyone involved and wish them the very best of luck for the future.