Benchmark International is pleased to announce the transaction between bespoke rubber products engineer, Elastomer Engineering, and Lancashire-based manufacturer of niche rubber products for engineering and industrial applications, Dexine Leyland Rubber Technology (DLRT).
Family-owned business Elastomer Engineering has extensive expertise in polymer science and manufacturing technology, including a range of proprietary products sold into the oil & gas and defence sectors.
DLRT is a leading manufacturer of elastomeric products and components for industrial and engineering uses. The company specialises in the design and manufacture of complex products and offers a range of rubber compounds with properties such as oil and fire resistance and vibration damping.
Working in the same sectors as Elastomer Engineering, the acquisition allows for the two companies to sell an extensive product range into these sectors.
The acquisition also provides DLRT the opportunity to acquire a portfolio of significant intellectual property, along with a wide range of specialist equipment designed for high value precision moulding. With DLRT’s assets, this constitutes greatly enhanced product development and manufacturing capabilities for both businesses.
Chris Turner, director and shareholder of DLRT, has been appointed as Elastomer Engineering’s new Managing Director. He said, “There are so many synergies between DLRT and Elastomer Engineering that both companies will benefit massively from this acquisition. Straight away we have an expanded product range available to all customers and a team of polymer experts second to none in the industry. Customers will start to see immediate benefits.”
On working with Benchmark International, Dr John Gardner, former Director of Elastomer Engineering said: “Thank you for all the hard work that you and your colleagues have put into this project. The previous directors of Elastomer are very happy to see the company become part of such a well-established and respected industrial group.”
Benchmark International would like to thank all parties involved and we wish them all the very best of luck for the future.
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Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Europe: Carl Settle at +44 (0) 161 359 4400 / Settle@BenchmarkCorporate.com
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Africa: Anthony McCardle at +27 (0) 21 300 2055 / McCardle@BenchmarkCorporate.com
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