Thu, 06 Mar 2025 | BUSINESS SALE
Birmingham-based rubber extrusion products group Veker Extrusions has been bought by Worcestershire-based Reddiplex Group.
Veker offers a comprehensive range of specialist rubber extrusions, gaskets, seals, and mouldings to UK and overseas clients across a diverse range of markets such as the construction, marine, automotive and rail industries.
Reddiplex, which is headquartered in Droitwich, Worcestershire and founded in 1969, specialises in manufacturing high-quality extruded plastic and rubber products. It has a wide range of clients in sectors such as glazing, car and coach building, marine and acoustics.
Evolve Corporate Finance, the national M&A advisory practice headquartered in Birmingham, advised the owners of Veker Extrusions, Paul Kersel and Kevin Crossley, on the deal. Evolve Corporate Finance’s advisory team was led by David Neate, with legal advice provided by Penningtons, represented by Richard Wrigley.
Evolve said that the sale to Reddiplex, a market leader in the sector, will enable the business to grow and invest further in product development and innovation while simultaneously providing a full exit for its shareholders.
Neate, partner and co-founder at Evolve Corporate Finance, said: “We are delighted to have supported the shareholders on the company’s sale to Reddiplex. This sale represents the culmination of a life’s work for Paul and Kevin and a great result for them. In addition, under the ownership of Reddiplex, Veker has a bright future and is well positioned for future growth.”
Kersel, managing director at Veker, added: “The sale of Veker to Reddiplex marks an exciting new chapter for our business. By bringing together the manufacturing capabilities, products and process solutions of both businesses, we are well placed to continue building on the outstanding reputation we have in the market.”
Richard Wrigley, corporate partner at Penningtons said: “We are delighted to have advised Veker on this strategic sale to Reddiplex. I have no doubt Veker has a bright future as part of the Reddiplex Group and will continue to prosper and grow.”
Find out more about developing a corporate compounding model
This outstanding business is being sold together with its exceptional freehold commercial premises. Also included in the selling price is an adjacent 3 bedroom semi-detached residential property that is currently let on an AST.
FREEHOLD
Under current ownership for the last 25 years, but with a trading history dating back to the 1940s, the company manufactures and sells high-end architectural joinery for new builds and renovations.
The business is well-established and offers its products and services across the region. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant.
LEASEHOLD
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