With effect from Friday 12 July, Naylor Drainage Ltd has acquired Wath-on-Dearne based plastic extrusion business Amco Plastics Ltd which currently has a turnover of £4.4m.
Naylor is a fourth generation family business based in Barnsley, South Yorkshire; the company has manufactured pipes in clay and latterly also in plastic since its formation in 1890. Naylor’s Specialist Plastics division, based in the Midlands, extrudes plastic tubes and profiles in a wide range of materials and colours for a broad range of sectors and applications including dewatering, ground stabilisation and packaging tubes.
Amco Plastics is a long-established and similarly diverse manufacturer of plastic extrusions and flexible ducting supplying a wide range of sectors including the leisure, cable, flooring, DIY, mining and tunnelling sectors. The company was initially set up to supply ventilation ducting to the domestic mining and tunnelling industries and this activity continues today, with its flexible duct products being used in air conditioning, the extraction of hazardous materials and portable heating devices. Recent decades have seen Amco diversify into plastic extrusions, and the company now has 9 extrusion lines offering both rigid and flexible tubes and profiles including cable fillers and floor profiles. The company also has a comprehensive fabrications department which offers laminating, slotting and abrasive surface treatment services.
The business will remain on its current site in Wath and will trade as a division of Naylor’s Specialist Plastics business. Amco Plastics Ltd’s former joint MD Chris Simon will continue to work with Naylor, supporting Naylor Divisional MD John Grice in the integration of Amco into the Naylor family.
John Grice commented
“The acquisition of Amco extends our capabilities in tubes and profiles and also gives us access to a new range of flexible ducting. We are looking forward to working with the Amco team to develop a unique range of services and products for a wide range of sectors.”
A team led by Stephen Ingram and Tim Brind from BHP Corporate Finance acted as lead advisors to the vendors with Michael Hall from the Sheffield office of law firm Hill Dickinson providing legal advice. Richard May and Paul Roberts from DLA acted for Naylor supported by Vicky McLoughlin of Grant Thornton.