Benvic Europe SAS, a European leader in the compounds market, has closed the acquisition of Dugdale Compounds Limited, the leading independent PVC compounder in the UK.
Based at Sowerby Bridge, West Yorkshire (UK), Dugdale has been manufacturing PVC compounds since 1959 and is widely recognised for its expertise, customer service and product quality. The company is focused on high service, speciality products for a large range of applications and end-markets, including construction, leisure, healthcare, electronics and transport. Dugdale has 125 employees and sold around 26,000 tonnes of PVC compounds in 2018, generating revenues of £36 million.
The acquisition of Dugdale marks the sixth add-on investment for Benvic in just over 18 months following the acquisitions of Vinyloop (Italy), Alfa PVC (Poland), Plantura (Italy) and more recently Modenplast (Italy) and Ereplast (France). With this latest investment, Benvic continues to expand its European footprint by continuing to diversify its product portfolio and enhancing its operational capabilities. In order to ensure seamless continuity of existing supply and service levels for customers, the two companies’ commercial and technical teams will work closely together going forward.
Benvic’s CEO Luc Mertens comments: “The integration of a major player like Dugdale within Benvic will allow us to significantly strengthen our operations in the UK and Irish markets where the group has become a major player over recent years. The excellent synergies of the two companies’ products and solutions will strengthen our product offering and improve our ability to address the technical, environmental and regulatory requirements of our customers, providing future product sustainability.”
Dugdale’s Managing Director David Outen comments: “We are delighted to join Benvic and become part of an international group with diversified activities including the addition of new polymers and recycling capabilities. Dr Jeff Ryan, head of Research & Development, Darren Rowell, Finance Director, and I will remain in our respective roles. Together with our teams, we look forward to working with Benvic to continue growing the two companies’ operations in the UK and to further enhance our innovative, high-performance speciality products for customers across Europe.”
Established in 1963, Benvic is the reference in the world of forward-thinking compounds. With a turnover of nearly €225 million, the Group, a long-standing leader in compounding with an international footprint, creates sustainable, innovative and eco-responsible solutions. From idea to implementation at its customer’s premises, Benvic invests to meet the technological, functional and environmental challenges of the construction, packaging, automotive and medical sectors. With a workforce of more than 450 employees, Benvic now has seven production sites in France, Italy, Spain, the UK and Poland. The Group sells its solutions in more than 60 countries. Its main markets are: France, Spain and Portugal, Italy, the United Kingdom and Ireland, Germany, Benelux and Poland. http://www.benvic.com