Sale of Dugdale Compounds Limited to Benvic Europe SAS
The following two press releases announce the sale of Dugdale Compounds Limited to Benvic Europe SAS:
Sale of Dugdale Compounds Limited to Benvic Europe SAS 19th September 2019
Dear Business Partner,
On behalf of the Directors, I am pleased to announce the completion of the sale of Dugdale Compounds Limited to Benvic Europe SAS, effective today.
The purchase of Dugdale by the Benvic Group is part of an overall strategy to expand its European footprint whilst enhancing both its product portfolio and operational capabilities. Dugdale will play a major role in this strategy going forward.
Whilst strengthening the Benvic group of companies, it ensures that Dugdale Ltd can further invest and grow in the UK, enabling our valued customers to continue to benefit from our innovative collaboration, service and product quality that is provided by our dedicated team.
The attached announcement from Benvic Europe SAS has been released.
There are no proposed changes to your normal contacts and it is “business as usual” as we move forward in this new venture.
We look forward to our continued close cooperation with all our business partners. Should you have any questions, your usual Dugdale contact can provide any further information or clarification.
Regards,
David Outen Managing Director
Dugdale Ltd
Holmes Road, Sowerby Bridge West Yorkshire HX6 2AA
Telephone: +44 (0) 1422 832501 Fax: +44 (0) 1422 833401 Email: info:dugdalepvc.com www.dugdalepvc.com
PRESS RELEASE
Benvic continues its international expansion with the acquisition of Dugdale in the UK
Chevigny-Saint-Sauveur, France, 20 September 2019 – Benvic Europe SAS (“Benvic”), European leader in the compounds market, has closed the acquisition of Dugdale Compounds Limited (“Dugdale”), the leading independent PVC compounder in the UK.
Based at Sowerby Bridge, West Yorkshire (UK), Dugdale has been manufacturing PVC compounds since 1959 and is widely recognised for its expertise, customer service and product quality. The company is focused on high service, speciality products for a large range of applications and end-markets, including construction, leisure, healthcare, electronics and transport. Dugdale has 125 employees and sold around 26,000 tonnes of PVC compounds in 2018, generating revenues of £36 million.
The acquisition of Dugdale marks the sixth add-on investment for Benvic in just over 18 months following the acquisitions of Vinyloop (Italy), Alfa PVC (Poland), Plantura (Italy) and more recently Modenplast (Italy) and Ereplast (France). With this latest investment, Benvic continues to expand its European footprint by continuing to diversify its product portfolio and enhancing its operational capabilities. In order to ensure seamless continuity of existing supply and service levels for customers, the two companies’ commercial and technical teams will work closely together going forward.
Benvic’s CEO Luc Mertens comments: “The integration of a major player like Dugdale within Benvic will allow us to significantly strengthen our operations in the UK and Irish markets where the group has become a major player over recent years. The excellent synergies of the two companies’ products and solutions will strengthen our product offering and improve our ability to address the technical, environmental and regulatory requirements of our customers, providing future product sustainability.”
Dugdale’s Managing Director David Outen comments: “We are delighted to join Benvic and become part of an international group with diversified activities including the addition of new polymers and recycling capabilities. Dr. Jeff Ryan, head of Research & Development, Darren Rowell, Finance Director, and I will remain in our respective roles. Together with our teams, we look forward to working with Benvic to continue growing the two companies’ operations in the UK and to further enhance our innovative, high-performance speciality products for customers across Europe.”
About Benvic
Established in 1963, Benvic is the reference in the world of forward-thinking compounds. With a turnover of nearly €225 million, the Group, a long-standing leader in compounding with an
international footprint, creates sustainable, innovative and eco-responsible solutions. From idea to implementation at its customer’s premises, Benvic invests to meet the technological, functional and environmental challenges of the construction, packaging, automotive and medical sectors. With a workforce of more than 450 employees, Benvic now has seven production sites in France, Italy, Spain, the UK and Poland. The Group sells its solutions in more than 60 countries. Its main markets are: France, Spain and Portugal, Italy, the United Kingdom and Ireland, Germany, Benelux and Poland. http://www.benvic.com
Press contact
CICOMMUNICATION
Béatrice SAVOURET – Catherine ISNARD Benvic.europe@cicommunication.com Tél : + 33 (1) 47 23 90 48
