GIL INVESTMENTS OFFERS NEW FOUNDATION TO EUROTEK

Jay Singh, KBS Corporate Finance Director, has advised on the sale of Eurotek Foundry Products Ltd to GIL Investments.

Elland-based Eurotek was founded in 1993 and specialises in foundry consumables and associated equipment for international clients.

The company has continued to enhance its product offering, which now includes chemical binder systems, release agents and refractory coatings.

Led by Managing Director Dale Crystal and Sales Director Raymond Higgins, Eurotek is now recognised across the global market and utilises a dedicated subsidiary in Poland.

“The sale of Eurotek ensures its continued growth,” advised Jay. “Further resources will allow the business to target new markets such as India and Mexico.”

Alex Foster, Senior KBS Corporate Document Writer, created the marketing materials which presented the opportunity to the M&A sector.

Alex said: “Eurotek had a highly specialised, unique suite of products, so I wanted to draw particular attention to the significant benefits of its offering and how its extensive expertise within the industry allowed it to offer truly bespoke solutions.

“This, alongside the company’s strong international client base, dependable revenue streams and respected brand, was a key differentiator for the business and the core focus for the marketing documents.”

GIL Investments has acquired a majority shareholding in the business, enabling the Eurotek founders to facilitate their wider exit strategy over the coming years.

As part of the sale, Richard Catchpole, former CEO of Akcros Chemicals, will become Chair. Richard is excited to work alongside Dale and Raymond and fulfil Eurotek’s long-term potential.

“I am delighted to be joining Eurotek, which is an established business with a strong track record in the chemicals sector,” said Richard.

“The management team has done an excellent job in successfully navigating some of the challenges in recent years, such as the pandemic, Brexit and the war in Ukraine.

“I look forward to working with the team as we continue that journey and explore new opportunities to take the business forward.”