Mon, 24 Mar 2025 | BUSINESS SALE
Pan-European industrial distributor Rubix has bought ERIKS UK & Ireland.
Rubix is a multi-specialist, providing products and services, backed by a growing digital business. It has over 750 locations across 22 countries. With a turnover of €3.15 billion in 2023, it is Europe’s largest supplier of industrial maintenance, repair and overhaul (MRO) products and services.
ERIKS UK & Ireland is an industrial distributor with a specialist flow technology offer, including hoses, valves, sealing and gaskets, as well as associated technical services such as customisation and repair.
Rubix said this complementary acquisition brings together two multi-specialist industrial distributors offering a broad range of products and services, while extending the Rubix offer in flow technology.
Commenting on the agreement, Vince McGurk, CEO Rubix UK, Ireland and Iceland said: “The highly complementary offers provide the opportunity to deliver a more comprehensive solution to the needs of our customers. The strong fit, shared values and commitment to meeting customer needs would make this a very positive move for the manufacturing sector across the UK and Ireland, and I look forward to working with my new colleagues in the future.”
Franck Voisin, Group CEO at Rubix added: “We look forward to welcoming our new colleagues to the Group. Our consistent approach to industrial distribution, driven by providing multi-specialist technical expertise and specialist services to all our customers, will enable the creation of an even stronger combined business in the UK and Ireland.”
He said the transaction represents a meaningful step in the development of the group. Through this acquisition, Rubix UK, Ireland & Iceland would become the company’s second largest regional market with combined annual revenues in excess of €850 million.
Pamela Bingham, CEO ERIKS UK & Ireland, added: “This partnership delivers exciting opportunities for both organisations. The combination of our product and service offerings will significantly enhance our ability to meet the ever-changing and diverse needs of our customer base.”
The transaction, which is subject to customary regulatory approvals, is expected to complete within the calendar year, once these approvals have been obtained
This is a prime bolt-on opportunity for synergistic businesses looking to expand their service range, supported by a diverse national client base and skilled in-house workforce.
This is a rare opportunity to acquire a long-established European leader in metal manufacturing, supported by a loyal client base and a skilled management team.
The company was established by our vendor client in 2002 and its business offers all types of bespoke joinery manufacture, primarily on a supply only basis or, if suitable, on a supply and fit basis (75% of the total trade is ‘supply only’). The vast...
|
25
|
|
Mar
|
UK administrations update: March 19 – 25 | ADMINISTRATION
Since our last update, the following businesses have been co...
|
25
|
|
Mar
|
Twisted sets sail with new boat retailer acquisition | BUSINESS SALE
Vehicle brand Twisted has expanded its marine division with ...
|
24
|
|
Mar
|
PE group MonacoSol buys virtualDCS as part of acquisition drive | BUSINESS SALE
A cloud hosting, disaster recovery and cyber resilience tech...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.