We recently advised Norris Holdings Limited on its disposal of subsidiary Flotronic Pumps Limited. The team was led by Simon Jordan and Executive Will Molony.
Originally established in 1981, Flotronic Pumps has been designing bespoke pumping solutions for a wide variety of customers, and manufactures air operated double diaphragm pumps to order. Each pump has a unique “ONE NUT” design enabling rapid disassembly cleaning and maintenance. These are used for a wide range of applications including food, adhesives, pharma, petrochemicals and hazardous materials, with Flotronic also providing excellent support and after sales service.
Its reputation has been built upon quality and understanding customer requirements, innovation on its core product and technical leadership. It is the last remaining British manufacturer of air driven double diaphragm pumps.
The Business is based in Bolney in Sussex and has been in the Norris family since its inception. Customers and users are to be found across the world, and with its excellent reputation most are longstanding.
The shareholders of Norris Holdings wanted to realise their investment in the Business and sought a new owner that would be able to protect the heritage and take the business forward.
- Corporate Finance Advisor – Simon Jordan and Will Molony of Kreston Reeves
- Legal Advisor – Doug Stewart of Adams and Remers
Rod Partlett, Director of Norris Holdings Limited said:
“I was really impressed with the quality and insight; it made a positive impact on making sure the transaction progressed, ensuring the deal got over the line.”
Simon Jordan, Kreston Reeves Partner 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 disposal will enable the company to be taken to the next level of success.”
"I was really impressed with the quality and insight; it made a positive impact on making sure the transaction progressed, ensuring the deal got over the line."
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