Whittan Intermediate Limited (“Whittan”), a wholly-owned subsidiary of the Whittan Group, is pleased to announce that it has signed an agreement to acquire Apex Linvar Limited (“Apex”) from funds managed by Chamonix Private Equity LLP (“Chamonix”).
Whittan, backed by funds advised by Bregal Capital LLP (“Bregal”), 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. It trades under a number of well-established brands including Link 51, Polypal, Moresecure and Permar. It 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.”
The completion of the transaction remains subject to competition clearance.
Andrew Butler, Chief Executive
01952 682 296
Apex Linvar Limited
Ian Smith, Chief Executive
01908 420 244