Insight
Beever and Struthers lead successful advisory deal for the aquistion of Platic Rubber Group (PAR)
- Written by Dean Curtis
- Published on: 21/05/2024
Plastic and Rubber Group (PAR), which ranked as the 10th most profitable SME in this magazine's most recent Hot 100 rankings, has been acquired by a fellow Lancashire business.
Plastic and Rubber Group (PAR), which ranked as the 10th most profitable SME in this magazine’s most recent Hot 100 rankings, has been acquired by a fellow Lancashire business.
R&G Fluid Power Group (R&G), based in Preston and part of Diploma plc, completed the purchase for an undisclosed sum.
The PAR directors said: “We have developed our company over the past 20 years, strategically investing in employees, systems, machinery, facilities, and developing engineering expertise.”
"Becoming part of R&G Fluid Power Group gives assurance and enables accelerated growth."
Accountants and business advisors Beever and Struthers advised on the sale, led by corporate finance director Dean Curtis and executive partner Caroline Monk, with support from corporate finance manager Patrick Wilson, tax partner Ann Bibby and tax manager Simon Barratt.
Dean Curtis, corporate finance director at Beever and Struthers, added: “PAR’s expertise, customer proposition and reputation complement and enhance R&Gs existing capabilities, it’s a fantastic addition to the R&G Group. We look forward to seeing the business grow and flourish as part of the larger group.”
Read the full article here.
