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Hayward Tyler secures further funding for Luton expansion
NEWS
Hayward Tyler secures further funding for Luton expansion
H
ayward Tyler Group plc’s second and final issue under a £3 million secured loan note programme has raised approximately £1.4 million before costs to support the on-going development of the group’s Luton Centre of Excellence in the UK. The pump and motor manufacturer says that the development of the Luton site is on track and on budget. The extended facility, which is expected to be fully operational by July 2016, should increase throughput, cut lead times, reduce working capital and enable Hayward Tyler Luton to double its capacity. During the last six months, Hayward Tyler has demolished eight redundant buildings at the Luton site, completed the foundations for the building extension and started the construction of the test bays partly funded by the first issue under the programme. Ewan Lloyd-Baker, CEO of Hayward Tyler, said: “The expansion of our Luton operations, and the creation of a Centre of Excellence within the group at the location, forms a central component to our on-going growth plans. We are therefore delighted by the support received from institutional and high net worth investors through the programme.” London-based corporate finance and investment advisory firm Lesmoir-Gordon, Boyle & Co Ltd acted as arranger and placement agent for the loan note programme.
For further information, visit www.haywardtyler.com and www.lgbco.com
Verder Group buys Fullwood Packo Group
T
he Verder Group has acquired UK-based Fullwood Packo Group, a 230-year old manufacturer and distributor of milking systems and specialist products, including pumps, for the food and pharmaceutical industries. Founded in 1785, Fullwood Packo is active in milking under the Fullwood brand, and cooling and industrial under the Packo brand. The group employs more than 600 people in 10 companies worldwide 16
Pump Industry Analyst
supported by an international network of dealers and distributors. The acquisition of Fullwood Packo will strengthen Verder’s position in hygienic and food processing applications and in the industrial pump sector. Diksmuide, Belgium-headquartered Packo Pumps provides stainless steel general industrial, hygienic, pharmaceutical and OEM pumps for the food, pharmaceutical and other general industries. “We are very excited to be adding Fullwood Packo to the Verder group of companies. We feel we can support the Fullwood and Packo companies to grow and continue to succeed over the coming years,” said Andries Verder, CEO of Verder International. For further information, visit www.verder.com, www.fullwood.com and www.packopumps.com
Sulzer acquires Moroccan pump service provider
S
ulzer is expanding in North Africa with the acquisition of Expert International Pompe Service (EIPS), an independent pump maintenance and repair services provider based in Casablanca, Morocco. Founded in 2011, EIPS had revenues just short of CHF1 million in 2014. Since 2012, EIPS has been an exclusive partner for Sulzer Pompes France for the repair of pumps and has also acted as an agent for new equipment sales. The company will change its name to Sulzer Maroc and will expand its offerings to the full range of services for rotating equipment such as gas and steam turbines, compressors, generators as well as electrical motors. Sulzer Maroc will also support the new equipment business actively in Sulzer’s key markets oil and gas, power and water. Sulzer says EIPS will also serve as a platform to provide services and pumping solutions into other countries in North Africa. Peter Alexander, division president of Sulzer’s Rotating Equipment Services, said: “EIPS is a very good fit for us to grow our business in Morocco and North Africa. Customers will benefit from the enlarged offering and will be able to receive our solutions from one access point.”
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Executive Publisher: Laney Zhou Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Prices: 1429 for all European countries & Iran US$1602 for all countries except Europe and Japan ¥190 000 for Japan (Prices valid until 31 December 2015) Subscriptions run for 12 months, from the date payment is received. More information: http://store.elsevier.com/product.jsp?isbn=13596128 Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘General Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: (+44) 207 436 5931; fax: (+44) 207 436 3986. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Address permissions requests to: Elsevier Rights & Permissions Department, at the mail, fax and email addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
Digitally Produced by Mayfield Press (Oxford) LImited 12979
For further information, visit www.sulzer.com
August 2015
Hayward Tyler secures further funding for Luton expansion
H
ayward Tyler Group plc’s second and final issue under a £3 million secured loan note programme has raised approximately £1.4 million before costs to support the on-going development of the group’s Luton Centre of Excellence in the UK. The pump and motor manufacturer says that the development of the Luton site is on track and on budget. The extended facility, which is expected to be fully operational by July 2016, should increase throughput, cut lead times, reduce working capital and enable Hayward Tyler Luton to double its capacity. During the last six months, Hayward Tyler has demolished eight redundant buildings at the Luton site, completed the foundations for the building extension and started the construction of the test bays partly funded by the first issue under the programme. Ewan Lloyd-Baker, CEO of Hayward Tyler, said: “The expansion of our Luton operations, and the creation of a Centre of Excellence within the group at the location, forms a central component to our on-going growth plans. We are therefore delighted by the support received from institutional and high net worth investors through the programme.” London-based corporate finance and investment advisory firm Lesmoir-Gordon, Boyle & Co Ltd acted as arranger and placement agent for the loan note programme.
For further information, visit www.haywardtyler.com and www.lgbco.com
Verder Group buys Fullwood Packo Group
T
he Verder Group has acquired UK-based Fullwood Packo Group, a 230-year old manufacturer and distributor of milking systems and specialist products, including pumps, for the food and pharmaceutical industries. Founded in 1785, Fullwood Packo is active in milking under the Fullwood brand, and cooling and industrial under the Packo brand. The group employs more than 600 people in 10 companies worldwide 16
Pump Industry Analyst
supported by an international network of dealers and distributors. The acquisition of Fullwood Packo will strengthen Verder’s position in hygienic and food processing applications and in the industrial pump sector. Diksmuide, Belgium-headquartered Packo Pumps provides stainless steel general industrial, hygienic, pharmaceutical and OEM pumps for the food, pharmaceutical and other general industries. “We are very excited to be adding Fullwood Packo to the Verder group of companies. We feel we can support the Fullwood and Packo companies to grow and continue to succeed over the coming years,” said Andries Verder, CEO of Verder International. For further information, visit www.verder.com, www.fullwood.com and www.packopumps.com
Sulzer acquires Moroccan pump service provider
S
ulzer is expanding in North Africa with the acquisition of Expert International Pompe Service (EIPS), an independent pump maintenance and repair services provider based in Casablanca, Morocco. Founded in 2011, EIPS had revenues just short of CHF1 million in 2014. Since 2012, EIPS has been an exclusive partner for Sulzer Pompes France for the repair of pumps and has also acted as an agent for new equipment sales. The company will change its name to Sulzer Maroc and will expand its offerings to the full range of services for rotating equipment such as gas and steam turbines, compressors, generators as well as electrical motors. Sulzer Maroc will also support the new equipment business actively in Sulzer’s key markets oil and gas, power and water. Sulzer says EIPS will also serve as a platform to provide services and pumping solutions into other countries in North Africa. Peter Alexander, division president of Sulzer’s Rotating Equipment Services, said: “EIPS is a very good fit for us to grow our business in Morocco and North Africa. Customers will benefit from the enlarged offering and will be able to receive our solutions from one access point.”
Editorial Office: Elsevier Limited, The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, United Kingdom Tel: +44 (0)1865 843695 Web: www.pumpindustryanalyst.com Editor: Roisin Reidy E-mail: [email protected] Production Support Manager: Lin Lucas E-mail: [email protected] Executive Publisher: Laney Zhou Subscription Information An annual subscription to Pump Industry Analyst includes 12 issues and online access for up to 5 users. Prices: 1429 for all European countries & Iran US$1602 for all countries except Europe and Japan ¥190 000 for Japan (Prices valid until 31 December 2015) Subscriptions run for 12 months, from the date payment is received. More information: http://store.elsevier.com/product.jsp?isbn=13596128 Permissions may be sought directly from Elsevier Rights & Permissions Department, PO Box 800, Oxford OX5 1DX, UK; phone: (+44) 1865 843830, fax: (+44) 1865 853333, email: permissions@ elsevier.com. You may also contact Rights & Permissions directly through Elsevier’s home page (http://www.elsevier.com), selecting first ‘Customer Support’, then ‘General Information’, then Permissions Query Form’. In the USA, users may clear permissions and make payments through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; phone: (978) 7508400, fax: (978) 7504744, and in the UK through the Copyright Licensing Agency Rapid Clearance Service (CLARCS), 90 Tottenham Court Road, London W1P 0LP, UK; phone: (+44) 207 436 5931; fax: (+44) 207 436 3986. Other countries may have a local reprographic rights agency for payments. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Address permissions requests to: Elsevier Rights & Permissions Department, at the mail, fax and email addresses noted above. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Because of rapid advances in the medical sciences, in particular, independent verification of diagnoses and drug dosages should be made. Although all advertising material is expected to conform to ethical (medical) standards, inclusion in this publication does not constitute a guarantee or endorsement of the quality or value of such product or of the claims made of it by its manufacturer.
Digitally Produced by Mayfield Press (Oxford) LImited 12979
For further information, visit www.sulzer.com
August 2015