VENT-AXIA's holding company Volution Holdings has acquired Manrose Manufacturing but more ventilation sector acquisitions are planned.
Volution Holdings' June 7 announcement included words from the founding father of Manrose, Robert Belcher who is leaving the business.
On the subject of the Reading-based manufacturing firm he founded Mr Belcher said 'The Manrose business has grown impressively over recent years and this is now the time to see the business move into its next stage of development. Volution will give it that opportunity and will be able to further utilise the assets base here in the UK, that I have built over recent times'.
Following ABN AMRO Capital's acquisition of Volution Holdings' in July 2006, Volution Holdings has been looking to make further investment in the UK and northern european ventilation business.
Paul Southwell, of the ABN AMRO Capital's UK buyout team said 'Within 12 months we have successfully sourced and implemented a purchase which will enhance Volution's already excellent market position and we still have a number of other targets of interest in this sector'.
Kevin Sargeant, Volution Holdings chief executive said 'Manrose is an absolute fit for us, bringing with it expertise in the high volume residential fan sector of the market and complimenting the Vent-Axia commercial and industrial products and the Torin-Sifan OEM fans.