“EXCITING NEW AVENUE” EXPLORED IN AIR PRESSURE SPECIALIST’S SALE

A long-established scrap metal company has diversified its enterprise with the acquisition of an air pressure control specialist.

The sale of Worcester-based Apreco, a market leader in the design, manufacturing and worldwide distribution of air pressure stabilisers and pressure relief vents, was overseen by Joe Norris, KBS Associate Corporate Director.

Mike Hodges, Managing Director of Apreco, instructed a sale to facilitate his eventual retirement following a suitable handover period to new owners The Remet Company.

Founded in 1947 as a scrap metal merchant and based in London, The Remet Company has expanded its operations into different sectors within the metals industry. These include smelting, shredding and granulation, linking together a sustainable chain where raw materials are put back into use in a myriad of industries.

“Apreco wasn’t on the market for long,” explained Joe Norris. “Remet made an offer that was acceptable to the vendor, who was keen to push on into exclusivity.

“Remet are looking to expand beyond their traditional scrap metal sector and saw Apreco as an exciting new avenue for them.”

Joe believes that having three-quarters of a century’s experience behind them indicates Remet will enable Apreco to continue to thrive.

“The Remet Company has been owned and operated by the same family since the 1940s, which shows their long-term thinking and stability of management,” he added.

“I believe they will be ideal stewards of Apreco moving forward, beyond the stage where Mike decides to step back fully from the day-to-day running of the business.

“I’m really pleased we managed to achieve this sale for Mike – I hope he can now look forward to enjoying his retirement in the coming years.”