Page 21 - HUB-4 Magazine Issue 99

RWM – Resource & Waste Management Expo
Ulster Bank support helps drive
growth at CK International
Paul Conlon, Chairman of CK
Lyndex, said: "Bringing together
the strengths of CK International
and Lyndex Recycling Systems has
created a business that is
significantly stronger than either
company could have been
independently. The acquisition has
unlocked opportunities that
simply weren't available before,
allowing us to expand our
capabilities, enhance our product
range, and better serve a much
wider customer base.
"Ulster Bank has been a valued
partner throughout this journey.
The funding provided gave us the
confidence and financial backing
Leading lender provides multi-million package
of support to fund innovative firm to acquire and
grow
A multi-million pound support package from Ulster Bank is
helping Dungannon-headquartered engineering company CK
International Ltd enter a new phase of growth including the
acquisition and integration of an English business with more
than a century of manufacturing heritage.
Ulster Bank refinanced the locally-founded firm and provided a
mixture of debt and trade finance to allow the acquisition of
Telford-based Lyndex Recycling Systems and to support
working capital as the enlarged firm plans for expansion.
The acquisition brings together the engineering expertise of
CK International, founded almost 30 years ago, with the
quality-driven manufacturing heritage of Lyndex Recycling
Systems, whose history spans more than 100 years.
The combined company is rebranding to CK Lyndex,
maintaining the link to both success stories. CK Lyndex is a
leading manufacturer and supplier of balers and compactors,
providing waste handling and recycling solutions to customers
across a wide range of industries around the world. The
combined business has significantly strengthened its product
offering, manufacturing capability and market reach, enabling
it to serve a broader customer base and accelerate growth.
The company is now investing in the next stage of its
development with the support of the Ulster Bank-provided
trade loan, and is recruiting for a number of new roles to
support continued expansion.
Danny McGivern, Senior Relationship Manager at Ulster Bank,
said: "Supporting ambitious local businesses as they grow is a
key priority for Ulster Bank. CK International had a clear vision
for how the acquisition of Lyndex Recycling Systems would
strengthen the business and create new opportunities for
growth, and we were pleased to support that ambition.
"The successful integration of the two companies
demonstrates what can be achieved with the right strategic
investment. It's particularly encouraging to see the business
now entering another phase of growth, creating new
employment opportunities and building on Northern Ireland's,
and Dungannon’s, long-standing reputation for world-class
engineering and manufacturing."
to complete the acquisition and support the working capital
needs of the enlarged business. As a result, we're now in a
strong position to continue growing, investing in the business
and recruiting talented people to support the next chapter of
our success."
The acquisition represents a significant milestone in the
company's growth strategy, combining decades of engineering
expertise and manufacturing excellence to strengthen its
position in domestic and international markets.
CK Lyndex is a leading manufacturer and supplier of balers
and compactors for customers across a wide range of
industries. The business combines the engineering heritage of
CK International, founded almost 30 years ago in Dungannon,
with the manufacturing expertise of Lyndex Recycling Systems,
whose history spans more than 100 years. The company
supplies waste handling and recycling solutions to customers
around the world.
RWM STAND ME-B274
www.hub-4.com July/August - Issue 99
| p21 |