Navis Acquire Linatex
- 01 October 2005
- Financial News
Breaking news in October was the purchase of speciality rubber company, Linatex, by Navis Capital Partners. Linatex with its rich heritage dating back 80 years is world renown for its unique abrasion resistant rubbers. Navis are a substantial USD 500M investment company, with business interests throughout Asia Pacific.
The new ownership places Linatex in a very strong position for continued growth, building on the successes of recent years. Navis have committed to increasing investment to take advantage of new markets that exploit Linatex’s product technology, so that the company stays at the forefront of the evolving needs of its customers. This investment will see Linatex strengthen its global position so that the company accelerates growth into new markets.
Linatex has a very well established brand in the European minerals processing sector, as well as several other niche markets where Linatex’s premium natural rubber products give exceptional performance. Linatex has a market leading position in the UK, Australia and South Africa across a range of products, including sheet rubber, moulded parts and process equipment, such as pumps, cyclones and screens.
This diverse product capability is backed by years of proven market knowledge and technical capability. Navis recognised these strong fundamentals and is determined to leverage these capabilities around the world.
The company has an innovative approach to product development and a strong track record of working together with customers to develop competitive, cost-effective solutions to industry needs.
Bruce Cooke, European General Manager comments: "We now enter a very positive new chapter in the history of Linatex. We have a strong direct sales strategy and an effective European distribution network and we look forward to further improving our high quality products and technical solutions under new ownership"
Nicholas Bloy, Director Navis Capital says: "Navis's interest in Linatex is derived from the strength of the Linatex brand, the quality and performance of Linatex products, the strength of its relationship with customers around the world and the depth of experience of its staff. Navis believes that under new ownership and with focused shareholder leadership, Linatex can improve its strategic, operational and financial performance for the benefit of all stakeholders in the company"
New market initiatives are underway to penetrate Eastern Europe and the former Soviet Union, where demand for Linatex products is already established and sales are growing year on year.
Blackbushe Business Park,