PAR Group completes acquisition of Midlands firm
Chorley-based PAR Group has acquired Birmingham-based Mountford Rubber and Plastics Ltd.
With centres in Chorley and Heywood, PAR Group manufactures and supplies plastic, insulation and rubber products used by some of the world’s leading brands in industries including food and pharmaceutical, water treatment, brewing, chemical, mining and quarrying, aerospace, power generation, packaging, recycling and distribution.
Mountford provides a complete range of rubber and plastic products and services. The deal, completed for an undisclosed sum, has been delayed by the pandemic.
Chris Livesey at PAR Group and said: "We are extremely pleased to have completed the acquisition of Mountford. They were a long-established supplier to industry with many mutual customers across various market sectors. Their business fits perfectly into our core range of products and manufacturing capabilities."
PAR Group was advised by Blackburn-based accountants and business advisors Beever and Struthers and Preston-based law firm Napthens.
Dean Curtis, corporate finance director at Beever and Struthers, said: "We finally got the deal over the line having agreed the acquisition some 18 months ago only for it to be postponed because of the global pandemic. Mountford and PAR Group have worked within the same industry sectors for many years and offer their customers many complementary products and services.
"For a number of years PAR Group has been focusing on expanding its product and customer range and positioning itself for further growth. Mountford is a significant acquisition by PAR Group, further strengthening its position as one of the leading plastic, insulation and rubber product suppliers in the UK."
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