Announced
Synopsis
Seko, Italian group specialising in dosing pumps has acquired Brightwell Dispensers, designer and manufacturer of branded professional hygiene equipment, and chemical dispensing and dosing systems. Financial terms were not disclosed. Brightwell is already active in 85 countries worldwide, generating total revenues of over £25m and EBITDA of over £4m in 2018, and will continue to expand Seko's expertise and presence in the professional hygiene market, as well as offering opportunities to further develop avenues in the aerospace industry via WSM Plastics Limited, a specialist toolmaker and plastic injection moulder of high-end engineering polymers, which was sold alongside the Brightwell group. "This transaction is strategically important for both Seko and Brightwell. I have no doubt that Brightwell will enhance Seko's offering, and help them continue their plans for global growth. Castle was hugely instrumental at every stage of the transaction, helping to keep everyone on track, and always remembering the commercial reasons for why the deal was important to the principals, on both sides of the table. I am so grateful to Victoria, whose knowledge and patience kept me going throughout." Stephen Woolmer Brightwell Dispensers CEO.
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