Whittan signs agreement to buy Apex Linvar
Whittan, owner of Link51, has agreed to acquire Apex Linvar from funds managed by Chamonix Private Equity.
The deal is subject to competition clearance but if it goes ahead will bring together two of the largest racking manufacturers in the UK.
Whittan, backed by funds advised by Bregal Capital, is a UK-based, pan-European storage equipment manufacturing group. Whittan manufactures, sells and distributes three core products: pallet racking, shelving and lockers, to a wide range of customers.
Whittan trades under a number of well-established brands including: Link 51, Polypal, Moresecure and Permar.
Whittan has manufacturing facilities in the UK and Spain and its own sales and distribution operations across Europe
Apex is a UK manufacturer of pallet racking systems that also provides a limited range of shelving, and further sells and distributes a broader range of storage solutions. It has manufacturing facilities located in Milton Keynes, UK.
Edmund Lazarus, Managing Partner at Bregal commented: “We are delighted for Whittan to have signed the acquisition of Apex, a British industrial champion with high quality products and a commitment to excellent service.”
Andrew Butler, CEO of Whittan, added: “We are looking forward to working with the Apex team to capitalise on the many growth opportunities available to the combined group across the UK and Europe.”
Ian Smith, CEO of Apex, further commented: “Apex has a long heritage in the storage solutions sector and an exciting future. Together with the Whittan team, we are looking forward to improving the combined group’s product and service capabilities to drive superior customer outcomes.”
