Watts Polymers Sold to Berwin Group

Watts Industrial Polymers Ltd has been sold to Berwin Group Ltd. According to Berwin, the acquisition, combined with the existing Berwin Group business, further consolidates Berwin’s position as the UK’s largest rubber custom compounder and broadens its coverage in business segments and markets not previously covered by Berwin.

This transaction will allow Watts of Lydney Group Ltd to concentrate on developing its two main business areas: Watts Industrial Tyres Plc a leading global provider of industrial tyres and service to the materials handling market, and Watts Truck Centre Ltd a regional truck and van dealership operating in Gloucester, Hereford, Worcester and Yate.

Manufacturing of the Watts compound range will remain at its Lydney site and Berwin is confident the acquisition will enable the Lydney site to continue its growth and further expand its global presence.

The acquisition increases Berwin’s group turnover to 52 million euros, Watts Industrial Polymers adding 18 million. Now operating 12 manufacturing lines from two sites, its product range includes all major elastomer types from FKM to NR and Thermoplastic PVC, PVC/NBR compounds in lot sizes from one batch to full loads, in both black and colours.

Berwin also announce the upgrade of a line at their Manchester site installing a second Krupp 135 litre intermeshing mixer and a gear pump straining facility.