Two directors at Rotherham fume extraction specialist Purex International Ltd have acquired the business from its parent company Domino Printing Sciences plc in a management buyout.
Hart Shaw and hlw Keeble Hawson represented Andy Easey and Trefor Jones in the purchase of Purex International which has a turnover of around £10m and operating profits in excess of £1.8m. Purex manufactures fume extraction systems for blue chip manufacturing companies worldwide.
Employing 30 people, the business has been part of the Domino Group – which develops and manufactures printing technologies for manufacturers via a global network of 25 subsidiary offices and over 200 distributors – since 2004.
MD Trefor Jones said: “Hart Shaw and hlw Keeble Hawson have a wealth of expertise in MBOs and have added immense value to the purchase. Andy and I, along with our team, are excited by the opportunity to develop new markets and applications and our plans include further investment in new products.”
Paul Trudgill, managing partner at hlw Keeble Hawson, said: “Purex International has earned a powerful reputation as a world leader in its field and we wish Trefor and Andy and the team every success at this formative period in the company’s development.”
Patrick Abel, corporate finance partner at Hart Shaw, said: “It has been a real pleasure working with Trefor and Andy on this deal. The company has world class products and a global client base, offering excellent growth prospects for the future.”