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Kreston Reeves lead on sale of market-leading bespoke pump manufacturer

Firm name(s)Kreston Reeves
https://www.krestonreeves.com/
Deal typeBusiness Sale
Industry sectorManufacturing & distribution
Description

Accountants, business and financial advisers Kreston Reeves has advised Norris Holdings Limited on the sale of subsidiary Flotronic Pumps Limited to an unnamed buyer.

Flotronic Pumps Limited, established in 1981, is the market-leader for bespoke air-operated pumps.  Its pumps are used across the food, adhesives and hazardous, pharmaceutical, petrochemical sectors worldwide and feature its unique ‘one nut’ design that allows for rapid disassembly, cleaning and maintenance.

The Sussex-based business has been owned by the Norris family since its inception.  The sale will enable the business to grow and develop whilst protecting its heritage.

The Kreston Reeves team was led by Corporate Finance Partner Simon Jordan and Executive Will Molony.

Simon Jordan said: “Flotronic Pumps is a world class business and it has been our pleasure in helping the shareholders realise their investment and find a new home that fits with the cultures and values of the business.  The sale will enable the company to be taken to the next level of success.”

Rod Partlett, Director of Norris Holdings Limited said: “I was really impressed with the quality and insight from Kreston Reeves; it made a positive impact on making sure the transaction progressed, ensuring the deal got over the line.”

Law firm Adams and Remers also advised Flotronic Pumps Limited.

Adviser(s)Kreston Reeves
Completion date9th July 2019
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