Rubix reach agreement to acquire ERIKS UK & Ireland
Complementary acquisition set to bring together two multi-specialist industrial distributors
AS part of Rubix Group’s growth strategy, an agreement has been reached to acquire ERIKS UK & Ireland, a well-known and respected industrial distributor with a specialist flow technology offer, including hoses, valves, sealing, and gaskets, as well as associated technical services such as customization and repair.
This complementary acquisition will bring together two multi-specialist industrial distributors offering a broad range of products and services, while extending the Rubix offer in flow technology.
Commenting on the agreement, Vince McGurk, chief executive officer Rubix UK, Ireland and Iceland, said: ‘The highly complementary offers provide the opportunity to deliver a more comprehensive solution to the needs of our customers.
‘The strong fit, shared values, and commitment to meeting customer needs would make this a very positive move for the manufacturing sector across the UK and Ireland, and I look forward to working with my new colleagues in the future.’
Franck Voisin, group chief executive officer at Rubix, added: ‘We look forward to welcoming our new colleagues to the Group. Our consistent approach to industrial distribution, driven by providing multi-specialist technical expertise and specialist services to all our customers, will enable the creation of an even stronger combined business in the UK and Ireland.
‘This transaction represents a meaningful step in the development of our Group. Through this acquisition, Rubix UK, Ireland and Iceland will become our second-largest regional market with combined annual revenues in excess of €850 million.’
Pamela Bingham, chief executive officer of ERIKS UK & Ireland, added: ‘This partnership delivers exciting opportunities for both organizations. The combination of our product and service offerings will significantly enhance our ability to meet the ever-changing and diverse needs of our customer base.’
The transaction, which is subject to customary regulatory approvals, is expected to complete within the calendar year.
