Veker Extrusions Acquired by Reddiplex Group
Deal News | Mar 04, 2025 | Evolve Corporate Finance
Evolve Corporate Finance, an M&A advisory firm headquartered in Birmingham, has facilitated the sale of Veker Extrusions to the Reddiplex Group. Veker Extrusions, a Birmingham-based specialist in rubber extrusion catering to various markets such as construction, marine, automotive, and rail, was advised by Evolve, with legal support from Penningtons. Under directors Paul Kersel and Kevin Crossley, Veker has emerged as a leading independent player in the UK market. The acquisition by Reddiplex, a Droitwich-based company specializing in high-quality extruded plastic and rubber products, will enable Veker to grow and invest in further innovations, offering a full exit for its shareholders.
Sectors
- Manufacturing
- Mergers and Acquisitions
- Advisory Services
Geography
- United Kingdom – The article involves entities located in Birmingham and Droitwich, within the UK, reflecting its geographical context.
Industry
- Manufacturing – The manufacturing industry is central to the article as it discusses the sale of Veker Extrusions, a company specializing in rubber manufacturing.
- Mergers and Acquisitions – The article focuses on the acquisition of Veker by Reddiplex, underscoring the M&A activity in the market.
- Advisory Services – Evolve Corporate Finance provides advisory services in this transaction, highlighting their role in the M&A sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Veker Extrusions | Target company | Company | A specialist manufacturer of rubber extrusion products based in Birmingham. |
| Reddiplex Group | Bidding Company/Buyer | Company | A Worcestershire-based manufacturer of extruded plastic and rubber products. |
| Evolve Corporate Finance | Corporate Finance Advisor | Company | An M&A advisory practice headquartered in Birmingham that advised Veker on the sale. |
| Penningtons | Legal Advisor | Company | A law firm that provided legal advisory services for the transaction. |
| Paul Kersel | Director | Person | Director and shareholder of Veker Extrusions. |
| Kevin Crossley | Director | Person | Director and shareholder of Veker Extrusions. |
| David Neate | Partner | Person | Partner and co-founder at Evolve Corporate Finance. |
| Doug Allan | Assistant Director | Person | Assistant Director at Evolve Corporate Finance. |
| Richard Wrigley | Partner | Person | Partner at Penningtons who led the legal advisory team. |