In a press release issued on 20 October, Knaresborough-based P+L Systems announced the acquisition of the Environmental Care of Group of De Ceuster of Sint-Katelijne-Waver, Belgium for an undisclosed sum.
Their joint statement states:
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The scope of the Environmental Care unit of Group of De Ceuster primarily comprises the chemical formulation and manufacturing companies, Denka International, based in Barneveld, Holland, and Edialux-Formulex, based in Bornem, Belgium with subsidiaries in the Netherlands, France and Switzerland. The transaction includes many leading brands such as Edialux, Sprigone, Lurectron, Luxan for the pest control , rural hygiene and consumer markets. Importantly the transaction includes 135 employees across the various acquired entities as well as certain manufacturing and other real estate facilities. Commenting on the transaction, Peter Mangion CEO of P+L Systems said: “We are delighted that Group DC have entrusted us to bring their Environmental Care business together with our existing Pest Control business in Western Europe. We are already a very international business, with half our revenues derived from European markets. The bringing together of these businesses, and their market leading respective brand portfolios, creates a strong and focussed business dedicated to solving pest control problems in both the professional and consumer pest control markets. |
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We are particularly pleased to be bringing together the considerable expertise and experience of our respective employees, a resource which we value highly and which will be brought to bear in delivering further growth in Europe and beyond” Tom De Ceuster, Group DC President and CEO added: “This is truly a win-win deal for all parties. In particular for all employees and customers of the Edialux and Denka businesses. They all become part of a market leading group where the new shareholder is committed to continue to create value for all of its valued stakeholders. With the divestment of our environmental care activities, Group DC will focus more than ever on its plant health and soil fertility division as well as on its husbandry and feed premix activities. We will not only intensify our R&D efforts to further enhance our product leadership position, but we will also look for new geographical markets and investment opportunities.” This acquisition complements the purchase of SX Environmental in February 2012 – see here. |
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