Manchester and Preston-based PAR Group, a leading manufacturer and supplier of engineering plastic, insulation and rubber products to customers in the UK, Europe and worldwide, has acquired Guildford-based Aquarius Plastics Ltd for an undisclosed sum.
Established more than 35 years ago and operating from centres at Junction 19 Industrial Park, Green Lane, Heywood, Greater Manchester and Chorley North Industrial Park, Chorley, Lancashire, PAR Group manufactures and supplies plastic, insulation and rubber products used by some of the world’s leading brands in industries including food and pharmaceutical, water treatment, brewing, chemical, mining and quarrying, aerospace, power generation, packaging, recycling and distribution.
Founded in 1986, Aquarius was one of the UK’s leading suppliers of plastic sheet, rod and tube materials, while also offering machining, fabrication and cut-to-size services.
PAR Group was advised by accountancy and business advisory firm Beever and Struthers, led by corporate finance director Dean Curtis and supported by corporate finance manager Patrick Wilson.
Legal advice was provided by a team at Napthens led by corporate partner Robert Dobson, assisted by associate Jayne Croft. Aquarius was provided with legal advice by Barringtons Solicitors.
Director Tony Glen led the transaction for PAR Group and said: “We are extremely pleased to have completed the acquisition of Aquarius. They were a long-established supplier to industry with many mutual customers across various market sectors. Their business fits perfectly into our core range of products and manufacturing capabilities.”
Dean Curtis said: “It’s been a pleasure supporting PAR Group on another significant acquisition. Having delivered impressive growth over the past few years, PAR Group will be able to achieve the next stages of its growth strategy and further enhance its position as one of the leading plastic, insulation and rubber product suppliers in the UK”.
Beever and Struthers previously advised PAR Group on its acquisition of Birmingham-based Mountford Rubber and Plastics Ltd in 2022.
