Max Frank Ltd. acquires Weldgrip Groundwork and Shearail® from BRC Special Products, a division of Acertec Construction Products.
Construction technology specialist, Max Frank Ltd., has bought two rivals in a deal which will significantly increase its turnover by £2 million. MAX FRANK bought Warrington-based Weldgrip Groundwork and Stafford-based Shearail® from BRC Special Products, a division of Acertec Construction Products, for a package worth £750,000.
The Warrington site has now been closed and both firms have been integrated at its Meir premises. Weldgrip produces a 'permanent formwork system' called Meshform - a flexible steel and plastic sheet used to make laying curved and shaped concrete foundations easier. Managing Director, Mark Aldred, said the deal would boost the company's sales, as well as increasing its customer base and product range. He said, "Buying out our main competitor Weldgrip Groundwork means that we're now firmly established as the UK's largest provider of permanent formwork systems. The Shearail® product is a fast fixing solution for multi-storey concrete construction and one that's enjoying substantial growth."
Weldgrip Groundwork and Shearail® previously employed about 20 people in total, some of which have transferred to Max Frank Ltd.