Latham International buys Exact Dewatering Solutions
11 March 2011, News release from Latham International Ltd
Takeover will help sales, say engineers
A Newcastle engineering firm has bought another North Staffordshire company in a bid to boost its UK sales.
Filtration specialist Latham International is hoping to be able to expand its workforce after acquiring Burslem-based Exact Dewatering Solutions for an undisclosed sum. Latham, which employs 15 people, makes pressure filtration systems to separate liquids from solids for a wide range of industries including water and sewage treatment, ceramics, food and drink, brewing, mining, chemicals, textiles and plastics.
It counts big names including BP, Ford, Carlsberg, Corus, Nestlé and Saab among its clients but most of its sales come from abroad. Directors are hoping the acquisition of Exact can help increase its UK revenue as well as allowing it to offer a bigger range of products.
Exact employs three people, one of whom is retiring while the other two will transfer to Latham's base at Rowhurst Close Industrial Estate, in Chesterton.
Sales co-ordinator Mario Hinkson said: "We bought Exact to strengthen our UK market share and expand our range of filtration equipment." Managing director Peter Latham added: "Hopefully it will lead to an increase in sales and also employment. "We're hoping to take on another one or two as well as the employees that are coming over to us from Exact. "We will have to see how it goes but I would hope to have taken on another two by the first quarter of next year, which is great in this climate."
Latham has agents all over the world in countries including South Africa, Australia, New Zealand, Hong Kong, India and Russia. Mr Latham said: "Most of our business is export - that's partly why we bought Exact because their sales are predominantly UK-based. "I would say that 80 to 90 per cent of our business is overseas.
"We've been particularly pleased with our progress in Russia - we established an agent over there two years ago and we've now sent about 12 machines over which is a very good return."
Has your company made a new acquisition?
Email us at firstname.lastname@example.org
For further information please email Latham International Ltd