23 October 2008

Successful UK Fume Extraction Company to develop US/Canadian business with acquisition

Purex International Ltd. has today announced that it has acquired the fume extraction and filtration business of PAT Technology Systems Inc. of Montreal, Canada.

Purex International Ltd is the global market leading manufacturer of fume extraction equipment for hand and machine soldering applications in the electronics production industry. Purex also supply fume extractors for laser marking, engraving and welding processes across a wide variety of industries. Based in Rotherham – UK, Purex currently turns over about £7m pa and employs 45 people in the UK and 4 people in Chicago, USA.

The acquired company, PAT Technology Systems Inc, is a highly renowned designer and manufacturer of fume extraction systems for the wide format inkjet printing industry. Their latest development, the innovative Captivair™ system, is designed to remove all of the odours created by wide format inkjet printing equipment. The company has developed solutions for all the major printer manufacturers including Mimaki, Roland, Seiko, HP, Vutek and Mutoh. PAT will also be releasing a new ultra violet light product at this weeks SGIA show in Atlanta USA. PAT currently turns over around £1m pa and employs 8 people.

Wayne Baird, President of PAT comments, “This acquisition allows Purex to enter the printing industry fume extraction market world-wide with an excellent range of products combined with a team of people who have expert knowledge of that market.”

Purex’s extensive distribution network will enable PAT products to be made available to a greater number of potential customers world-wide and provide greater local support to existing customers. The timely acquisition will also significantly increase Purex’s presence in the USA and Canadian markets for Purex’s existing product portfolio.

Paul Priestley, Managing Director of Purex said “This is an extremely exciting opportunity for Purex to enter into a new market space and at the same time provide greater presence and support for our existing customers. The philosophies and cultures of the two businesses are so similar that I expect great synergies from this acquisition”.

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