Tue, 04 Jun 2024 | BUSINESS SALE
Eminox, a Gainsborough-based manufacturer of emission reduction technologies, has acquired an automotive parts manufacturer with facilities in the UK and US. The firm has acquired SaveGuard, which formerly traded as Culimeta-Saveguard and has manufacturing facilities in Ashton-Under-Lyme, UK and Wisconsin, US.
According to Eminox, the deal will further enhance its capacity to deliver emission-reduction technologies to a global customer base.
Culimeta-Saveguard fell into administration in March 2024 and temporarily ceased trading, citing the impact of global conflicts on prices and supply chains.
The company designs and manufactures a range of automotive products utilised in vehicle exhausts, including thermolastic, heat shields, insulation jackets, acoustic and thermal insulation materials, bespoke sleeves, Katpak and knitted products. The deal also includes the FireHalt product line of cavity fire barriers.
Eminox Managing Director Jonathan Griffith said that the acquisition “aligns with our vision of expanding our value offering and enhancing our technological capabilities”.
He continued: "SaveGuard's renowned products and expertise complement Eminox's mission to continue the development of innovative emission reduction solutions for our customers, globally.”
"In addition, the strong alignment of values between SaveGuard's operational teams, Eminox and the wider Hexadex Group further reinforces the strategic fit of this acquisition, and we are excited to welcome SaveGuard into the wider Hexadex Group."
Over the coming months, Eminox says it will visit customers and build new relationships as it seeks to offer improved emission reduction solutions, focusing on industries including agriculture, rail, construction and on-road vehicles, all of which are facing increasingly stringent emissions standards.
Technology and the green transition are forecast to be two of the main drivers of future M&A activity in the UK's manufacturing industry
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