A Cheshire-based business has been acquired by an Irish provider of services to the water and waste process technologies sector.
Apex Industries Ltd trades as Cap Technology and Adamelia, both of which are based on the Hampton Heath Industrial Estate. The former is involved in the supply and installation of industrial effluent treatment plants, while the latter works in the gelatin industry.
The group has been bought by FLI Global, which is headquartered in Waterford and has grown both organically and by targeted acquisition since its incorporation in 1989.
Stewart Mills and John Hampson, founding directors of Apex Industries, said: “This is an exciting time for the business and we look forward to using the capability of the wider FLI Group to grow the both businesses going forward.”
DTM Legal, led by head of corporate and commercial Ed Barnes, acted for the owners of Apex Industries.
“The transaction, which involved both our corporate and commercial and property teams, was a pleasure to work on and the real synergies between both parties means I am sure the businesses will continue to expand and thrive,” said Barnes.
Proventure Consulting acted as corporate adviser to Apex Industries and the vendors, with team leader David Plant adding: “From initial meeting through to completion it became apparent that this deal had massive potential for both sides and the whole process was seamless.”