DUBAI, UAE, September 25, 2017 /PRNewswire/ --
Visionscape Group, an environmental utility company, today announced that it has reached an agreement to acquire UK based thermoplastics engineering company, Petlon Polymers. The transaction is a strategic move for Visionscape and will enhance its global ambitions as it forays into the European markets. The acquisition will add to Visionscape Group's service offerings across the waste management value chain.
Petlon Polymers is a compounder and polymer recovery company specializing in engineering thermoplastics with an established global presence in demanding markets. With over 40 years in the business, Petlon has a strong reputation of consistency and growth. The existing management and staff will keep their jobs and remain intact.
"The acquisition of the Petlon business is a complementary addition to Visionscape's global waste management solution as we continuously seek innovative and environmentally effective solutions for our customers. We are delighted to have completed the transaction and look forward to working with the existing management team and the company's key stakeholders to grow the business." said Harry Ackerman, Executive Director, Visionscape.
Geoffrey Bouchier, Joint Administrator and Managing Director at Duff & Phelps, the financial advisory firm tasked with the successful transaction said, "We are pleased to announce the successful sale of the Petlon Polymers business to Visionscape, which has facilitated business continuity for its customer base and supply chain, and has preserved the jobs of its entire workforce."
The sale transaction completed on 11 September 2017.
Visionscape is a global environmental utility group providing turnkey solutions in areas of sanitation, energy and wastewater treatment. The company aims to reinvent waste management processes, specific to emerging markets, utilising cutting-edge technology and tools to address the waste management needs of megacities. Visionscape also offers services for commercial, residential, industrial, and healthcare clients.
For more, please visit www.Visionscape.group
About Duff & Phelps
Duff & Phelps is a premier independent advisor with expertise in the areas of valuation, corporate finance, disputes and investigations, compliance and regulatory matters, and other governance-related issues. Our clients include publicly traded and privately held companies, law firms, government entities and investment organizations such as private equity firms and hedge funds. We also advise the world's leading standard setting bodies on valuation issues and best practices. Duff & Phelps' nearly 2,500 professionals are located in over 70 offices in 20 countries around the world.
About Petlon Polymers
Petlon Polymers Limited's Engineering Thermoplastic Division is a leading compounder and polymer recovery company specialising in Engineering Thermoplastics (nylon 6, nylon 66, PET and PBT) and Thermoplastic Elastomers (TPE-s) with global supply capability and proven local support. Petlon Polymers was founded in 1978 and is privately held (JWH Group Ltd). The company is headquartered in Lydney, Gloucestershire, UK.