North West based Trade Acquisition Partners Limited (TAP) announce their first investments with four acquisitions in the UK abrasives and engineering sector; West Midlands based Swift & Whitmore Ltd, Derbyshire based Phoenix Naylor Abrasives and Jowitt Abrasives along with Northern Abrasives located in Urmston, Greater Manchester.
TAP Director, Ian Davidson commented, “We are delighted to have been able to acquire these long standing and successful businesses and look forward to working with the existing management teams to secure further growth through innovation and investment in both people and technology.”
Janette Tierney, Managing Director of Swift & Whitmore commented, “We are very much looking forward to working with our new owners on the next phase of our growth, there are many opportunities within the sector for us to support UK based engineering businesses as well as those further afield particularly as lead times become longer and shipping costs greater for manufacturers based abroad as a result of Brexit and other external factors.”
The businesses have a deep rooted knowledge in the development, manufacture and distribution of abrasive and grinding solutions for multiple applications across the UK, Europe and the rest of the world.
TAP are delighted to open their portfolio with a complimentary mix of businesses and will be looking to add value to each of the businesses in due course. They are now considering other owner managed businesses seeking to exit or require additional capital to support growth or deliver a turnaround.
