Icon Polymer Acquires Silvertown UK

Resource from: CBCC Likes:2938

Apr 26,2005

Icon Polymer Acquires Silvertown UK Icon Polymer Group (UK) has acquired Silvertown UK (UK), combining the two competing rubber and polymer product manufacturers and marking its fourth acquisition in as many years. Silvertown manufactures rubber and polymer bearings and anti-vibration systems for public roads, large buildings, rail, aerospace and shipping applications. Icon is a major manufacturer of premium rubber components, supplying a range of specialized and general technical industries in the UK and worldwide. Icon focuses its market efforts on the aerospace, defense, specialty automotive and pharmaceutical industries. For example, it was recently selected by NSK Steering Systems to supply steering coupling components which incorporate a spherical roller bearing. Icon employs over 350 people at its facilities in Retford, North Nottinghamshire. Silvertown employs just over 250 people at its facility in Burton upon Trent, Staffordshire. No announcement was made regarding the possible relocation of Silvertown, although Silvertown had already committed to sell its current facility in preparation for a move to a larger one once home to Ravensbourn Plastics. Chief Executive of Icon, Richard Gogerty, said, "Silvertown is an excellent fit for Icon. Both companies work in the same core market sectors, and although we are both specialist rubber solution providers, our operations are highly complimentary. Silvertown has some amazing capabilities driven by its technology base and the knowledge and skills of its people. This acquisition will initially raise combined sales to

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous SKF offers solutions to keep stray electric currents out of bearings (pic)
Next New Steel Drawback Rate Will Take Effect Since May 1

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.