Filtermist International makes third acquisition of 2019 08 August 2019
Telford-based air extraction and filtration specialist Filtermist International has completed a deal to acquire industrial vacuum cleaner manufacturer Kerstar.
Established in 1960, Kerstar produces a range of cleaners, including ATEX-accredited machines for use in explosion risk environments, from its facility in Northampton. UK customers consist of resellers and end-users involved in food production, engineering, aerospace, power generation, local authorities and cleaning.
“The opportunity to add Kerstar to our portfolio offered a very interesting proposition for us,” comments Filtermist International CEO James Stansfield (pictured). “Its products are used by a number of our existing customers in a range of industrial sectors, so are a perfect addition to our offer. The firm also has a presence in some markets that we’re not currently active in, so offer a good opportunity to cross-sell expertise and services from our other business units.”
This is the third acquisition Filtermist has completed so far this year, previously acquiring the DCS Group of companies in January and recently announcing a deal to purchase the assets of Carter Environmental Engineers’ Air Services Division.
“Acquisitions play a key role in our wider group strategic growth plans,” continues Stansfield. “This strategy is being rolled out worldwide; Filtermist is part of Absolent Group which recently announced two acquisitions of its own - Montreal-based fume extraction specialist Diversitech Inc and Jeven Global OY, a market leader in commercial kitchen ventilation based in Finland.
“Absolent Group has identified six air filtration ‘platforms’, which offer significant potential for growth and all acquisitions are designed to support our strategic objectives.”
Kerstar’s previous owners, Andrey and Tom Starcevic, will be on call for a period after the acquisition to assist with the handover and all other employees will be retained in their existing positions.
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