Sulzer acquires Moroccan pump service provider

Sulzer acquires Moroccan pump service provider

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 no...

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NEWS

Hayward Tyler secures further funding for Luton expansion

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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

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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

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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

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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.”

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For further information, visit www.sulzer.com

August 2015