Friday, March 27, 2015

News: MBO at Rotherham's Purex International

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Rotherham-based Purex International Limited has been acquired by its existing management from parent company, Domino Printing Sciences plc.

The Manvers firm manufacture systems that capture fumes at the source, preventing fumes escaping into the workplace, before filtering and recycling them meaning that fumes are not pumped into the outside environment. The systems are used in electronics factories and to remove all of the odours created by wide format inkjet printing equipment.

Following a strategic review of options, the board at Domino Printing Science decided that Purex would be better placed to drive expansion in its chosen markets as a business that was independent of the group. Domino said that it had no plans to expand the group's business into broader extraction or purification applications and disposal of the company will allow it to focus on developing opportunities in coding, marking and digital printing.

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Nigel Bond, CEO of Domino, said: "We are pleased to announce that we have today completed the sale of Purex International Limited to a company owned by Andy Easey and Trefor Jones, the existing management of the worldwide Purex business.

"A range of options was considered but the management proposal to acquire the company was the most compelling and offered Domino the best solution. As a part of the transaction, Domino has entered into a supply contract with Purex which will continue to supply the Group with DPX products, spares and consumables, allowing a seamless transition with no interruption to the group's customers.

"Purex International Limited has been a part of the Domino Group since 2004 and has played a key role in supporting the development of our laser business. We are appreciative of the support the Group has received from the whole Purex team and wish Andy, Trefor and all staff at Purex every success in the future."

Trefor Jones, the new managing director of Purex International, added: "Purex has enjoyed being a part of the Domino Group over a number of years and in that time has developed an enviable reputation, not only for providing fume extraction solutions to the coding and marking industry but also as a key partner across a range of industrial applications.

"We are excited by the opportunity to focus the business on developing new markets and applications and our plans include further investment in new products."

Purex currently employs over 40 people in the UK and USA, with annual sales of around £6m.

Purex International website

Images: Purex

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