Volution Holdings acquires Manrose
Volution Holdings, the holding company of Vent-Axia and a number of other Ventilation Business in the UK, has announced the acquisition of Manrose Manufacturing, the Slough / Reading based privately owned manufacturer.
Robert Belcher, the businesses owner and founder, commented that whilst he was departing the business, he was extremely happy to hand over the business to a fellow ventilation business of the ability of Volution, with its impressive portfolio and track record in the HVAC Sector. “The Manrose business has grown impressively over recent years”, commented Belcher, “and this is now the time to see the business move into its next stage of development.
“Volution will give it that opportunity, and will be able to further utilise the assets base here in the UK, that I have built over recent times. It was important to me, to see the business I have developed placed into the hands of people who have knowledge of the Ventilation Sector, and who are of a similar mind set to myself.”
Volution Holdings, headed by Chief Executive Kevin Sargeant, went on to add: “Following the acquisition of Volution Holdings by ABN Amro Capital in July last year, and the subsequent disposal of our Cable Management Division in January, is has been our stated intention to invest further in the UK and indeed North European Ventilation businesses. Manrose is an absolute fit for us, bringing with it expertise in the high volume residential fan sector of the market and complimenting the Vent-Axia Commercial and Industrial products, and the Torin-Sifan OEM fans.
“Manrose has an excellent and well invested manufacturing platform, which also includes a rapidly growing ducting and accessories business, ideally placed to assist us with the emerging systems ventilation market. Robert knows the business will be in good hands, which was an important factor in his decision to part with the Company”.
Paul Southwell, Managing Partner of ABN AMRO Capital’s UK buyout team, said: “This add-on acquisition demonstrates our ability to accelerate the growth of our portfolio companies. When we invested in Volution we made the strategic decision to sell its non-core Cable Management business in order that the proceeds put us in a better position to acquire other businesses. Within 12 months we have successfully sourced and implemented a purchase which will enhance Volution’s already excellent market position, and we still have a number of other targets of interest in this sector”