Pritchard Tyrite become a part of Certex (UK)
Best known for its range of lashings, curtain-sided straps and tarpaulins, Pritchard Tyrite is one of the UK's leading importers, manufacturers and distributors of cargo control equipment. Pritchard Tyrite's focus on the transport sector is neatly aligned with Certex's wider focus on wire ropes and lifting gear in the offshore, ports, crane and other major markets.
The acquired company has an annual turnover of £ 2m and 17 employees at the head office in Basingstoke and manufacturing site in Huddersfield. They will be managed by Certex but also establish the first UK base for Certex's sister company, cargo securing products and services supplier, Forankra.
"This is an exciting time for the business," says Kevin Smith, Managing Director at Certex. "We have a strong and active acquisition program and were delighted with the opportunity to help take Pritchard Tyrite forward. Deze bedrijven zijn al succesvol en brengen ze aboard aan ons de mogelijkheid om te kijken naar nieuwe markten die nauw samenhangen met onze bestaande zaken en ontwikkelen onze expertise in gerelateerde sectoren. It immediately opens up for an even more attractive offering, providing existing customers with access to an extended range of products and services from Pritchard Tyrite, ourselves and from our sister company Forankra, "adds Kevin Smith.
Managing Director of Forankra, Erik Eklöv, reinforces the significance of the deal. "We are extremely pleased to be entering the UK market after building our presence in several other European countries over the past thirty years. The addition of Pritchard Tyrite to our European companies will see us strengthening our cargo securing product offering while bringing fresh opportunities to new and existing customers. The team at Pritchard Tyrite will benefit from the added support and investment that belongs to our Group. "
Both Certex and Forankra are part of Axel Johnson International's business group AxLoad. The parent company, Axel Johnson, is a $ 13bn turnover family business employing more than 22,000 people worldwide.
Certex has an extensive presence in Scandinavia, The Netherlands, the Baltics, Russia, Germany, as well as the UK. In addition to specialist lifting products, inspections and maintenance, its team is highly skilled in providing bespoke, high specification lifting services for the processing of steel wire rope assemblies to customers in the manufacturing, construction, renewable energy, offshore, oil, gas and shipping industries.
With its own manufacturing, operations in seven countries and an extensive reseller network, Forankra is today a leading European supplier of products, services and solutions for the lashing and securing of cargo within manufacturing, logistics, transports and for OEM-builders of trucks, ships, aircrafts and helicopters.
Concludes Kevin Smith: “Certex and Forankra are growing organically, but we also have a strong parent company behind us that encourages us to expand further. Together we place huge significance on sustainability and being an excellent corporate citizen. As is the case with both these deals, where there is an opportunity to take on and improve successful organisations in related industries, we will seize it and make the most of our commitment, experience and expertise.”
Certex offers comprehensive solutions within lifting, steel wire ropes and related services. Our solutions are found throughout the UK; at construction sites, on cranes, in steel making as well as within the energy- and manufacturing industries. In addition to world class brands of lifting and suspending equipment, we manufacture high specification lifting products at our specialist facilities in Scotland and England. We also offer testing solutions, inspections and certification, technical support, training and maintenance. Founded in 1986, Certex today has annual sales of GBP 14 million and 125 employees at five locations in the UK. Together with our sister companies throughout Europe, we are part of Axel Johnson International Lifting Solutions.
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