Plastics Capital Acquires Bearing Specialist
Resource from: CBCC Likes:2945
Dec 06,2005
Sarnatech BNL, a leading designer and manufacturer of innovative plastic bearing solutions, has been acquired by UK-based Plastics Capital. A plastics products manufacturing business that focuses on speciality industrial products, Plastics Capital has been built by acquisition over the last 3 years; its objective being to buy good businesses with proprietary products and a market leading position, and to develop them further. Sarnatech BNL fits this profile well.
BNL has assured its customers that meeting their requirements will continue to be top priority.
The company's growth objectives remain on target and it is very optimistic about the future of the business.
BNL's senior management team has great confidence that the company's potential will be fully developed in the future under the wing of its new owner, and is totally committed to continue to take the company forward.
'BNL was founded in 1970 and under Sarna Group ownership we have operated as an independently managed organisation.'
'We are sure our customers will notice no difference in the level of service they receive.'
'In fact we anticipate our customers will realise further benefits from our business relationship in the future as we continue to provide innovative and cost effective bearing solutions to help them meet their objectives', explains Managing Director, Dr Neil Partlett.
'We are very pleased to have acquired BNL'.
'The company has real depth of experience in plastic bearings design and manufacture - it is a leader in its field and will be able to build on this for the foreseeable future', said Faisal Rahmatallah, Chairman of Plastics Capital.
The UK parent company, Sarnatech BNL, will change its name to BNL (UK), whereas the US and Japanese subsidiaries will change their names to BNL (USA) and BNL (Japan), respectively.
A new brand identity will be launched in the coming weeks.
Originally founded as BNL (Bearings Non Lube) in 1970, the company was purchased in 1995 by the Swiss company, Sarna Polymer Holding.
It was announced by the board of directors in March 2005 that the leading UK-based designer and manufacturer of innovative plastic bearing solutions would be divested as part of the group's strategy to concentrate on developing the successful Sarnafil construction and civil engineering business.
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