SURTECO Expands in the United Kingdom with Strategic Acquisitions

SURTECO GROUP SE has announced the acquisition of all shares in three UK-based companies: Wand Plastic Profiles Limited, Stourbridge; CJM Development Limited, Stourbridge; and R&D Extrusions Limited, Kettering. This move comes as part of a share deal executed through its subsidiary Nenplas Ltd, Ashbourne. The acquisitions, signed on April 3, 2024, were made for a purchase price in the low single-digit million range, signifying a strategic expansion in the profiles business within the UK market.

Wolfgang Moyses, Chairman of the Management Board of SURTECO GROUP SE, remarked on the acquisition as a pivotal step towards the company's strategic objectives. It aims to heighten growth with technical profiles in the UK while boosting overall profitability.

The acquired entities are known for their production and sale of plastic-based technical profiles, boasting substantial returns in recent times. Their expertise in the British building market opens up avenues for further growth potential in residential construction and the expansion of existing business operations. This expansion is a testament to SURTECO's commitment to strengthening its market position in the UK's profile business sector, with an eye on innovative strength and profitability.