Supergrip (UK) Ltd, a world class, innovative engineering and dynamic company offering bespoke and standard PU products for the Oil and Gas and Renewables sectors, is delighted to announce the acquisition of the business by Nylacast Engineered Products Ltd a division of Nylacast Group.
Nylacast Group is a world leading innovator in the design, development and supply of precision engineered polymer solutions. Nylacast’s material science, product technology, research and development is featured within key industries (Automotive, Marine, Oil & Gas, Energy, Construction, Transport, Pharmaceutical, Renewables, Food & Beverage) and is renowned for high performance with low weight and friction, enabling safety critical applications to better perform within their environments.
The Leicestershire based Company employs over 400 staff at its headquarters. Nylacast Group services a global market through its two divisions; Nylacast Automotive and Nylacast Engineered Products and their manufacturing and distribution centers located in the UK, USA, South Africa and China.
Gordon Conlon, Director at Supergrip, said, “Darren and myself are proud of what we have achieved at Supergrip since the rebranding in January 2015. We have seen significant growth in the business and the company is becoming known in the industry for delivering innovative, high-quality solutions.
However, we were also aware that we had reached a point where we would need additional support to grow the company further. Having worked with Nylacast for many years, we were delighted when the opportunity arose to become part of their business. This is an incredibly exciting time and with an already huge synergy between both companies, this will help drive our growth further.
The investment will enable us to offer increased support to our clients and allow us to develop alternative markets to increase demand for our products.”
Mussa Mahomed, Nylacast Group CEO, said, “We are delighted to welcome Supergrip to the Nylacast Group. The acquisition brings together two successful, engineering-led, companies. We are looking forward to working with Gordon, Darren, and the team at Supergrip to assist the company in reaching its obvious potential.”
The acquisition will see Supergrip (UK) Ltd become a wholly- owned subsidiary of Nylacast Engineered Products, whilst preserving its independence for the foreseeable future.
For further information or any enquiries on Supergrip / Nylacast please contact email@example.com