Banner Chemicals UK acquires Stowlin Ltd
Banner Chemicals Ltd UK announces their latest strategic acquisition
Surfachem's sister company, Banner Chemicals Ltd UK, have announced their latest strategic acquisition: the shareholders of Stowlin Ltd and of Banner Chemicals Ltd UK have agreed to join forces.
Banner Chemicals Ltd UK will acquire the entire share capital of Stowlin Ltd from Mr Nigel Sullivan. The joint portfolio of Banner’s PCS (Precision Cleaning Solutions) Business Unit and Stowlin will provide customers with an enhanced and complete range of solutions for metal surface treatment, cleaning and phosphating.
Mr Sullivan will continue to lend his support and expertise as consultant to the business. Stowlin’s customers will enjoy a seamless service as operations, sales and marketing activities will continue as usual from the Leicester based site. "I am delighted that Stowlin will be joining Banner. Banner’s long history and product expertise will provide a sustainable base and increased offering to our current customers, who will reap the benefits" said Mr Nigel Sullivan MD of Stowlin to SPC.
"By joining forces, we are providing our existing and future customers with access to a wider and richer product portfolio" said Mr Mottie Kessler, Chairman & CEO of 2M Holdings Ltd, the owners of the Banner Chemicals Group and Surfachem Group of companies. "We are also adding Leicester to the existing Banner distribution map, meaning we can reach our customers more quickly and easily, wherever they are", added mr Kessler.
Customers for Stowlin products should continue to place orders with Stowlin and Banner’s PCS customers with Banner Chemicals. Over time, a combined offer will be developed for the benefit of both customers and suppliers.