StageCorporate Majority | Acquired
Nenplas is a supplier of extruded and fabricated plastic profiles, and is recognized as an established manufacturer of trade extruded products, specializing in the design and development of new products to meet customer requirements.
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Latest Nenplas News
Dec 5, 2016
05/12/2016 · United Kingdom · Construction & Materials · Maven Capital Partners Maven has realised its investment in plastic extrusion manufacturer Nenplas Holdings following a sale to German company Döllken-Weimar GmbH, achieving a return of more than 5x and an IRR of 30% for investors in the 2006 buyout of Homelux Nenplas. The acquisition by Döllken-Weimar, part of the quoted group Surteco SE, will allow Ashbourne based Nenplas to benefit from new advanced manufacturing and product development technologies, and to gain access to additional domestic and new overseas markets. The Surteco Group is a leading global manufacturer of surface materials and technical extrusions, with 2,700 employees operating from 20 manufacturing sites across four continents. The Maven VCTs first invested in 2006 to support the management buyout of Homelux Nenplas, a global supplier of tile accessories to the DIY and professional markets across the UK, Europe and North America. During the time of Maven’s involvement the business enjoyed rapid growth, completing a complementary acquisition and increasing turnover by around 150%. In March 2013 Maven achieved a partial realisation for investors, following a demerger process which saw the sale of the Homelux DIY products division to US quoted firm QEP Co. Inc. As part of that process Maven led a secondary buyout of the Nenplas plastic trade extrusion division, alongside the management team, which allowed the business to focus on its core competency in the development, design and manufacture of extruded plastic products, develop new markets for its products, and pursue an acquisition strategy. Maven subsequently provided Nenplas with additional funding in 2013 for the acquisition of Polyplas Extrusions, which designs and manufactures extruded products in complementary markets, and in 2014 supported the business again in acquiring Delta Plastics, a manufacturer of extruded plastic and rubber products. Those acquisitions allowed management to increase profitability by implementing leaner working practices, improving efficiency and reducing raw material costs. Mike Collis, Head of Portfolio at Maven, said: “Led by a dynamic and talented management team, Nenplas has grown both organically and through acquisition to establish itself as a market leading business during the time of our investment. A focus on manufacturing excellence and the design and development of innovative solutions has enabled Nenplas to expand into new markets. We have enjoyed working with joint Managing Directors Rob Butcher and Gary Horrobin and the Nenplas team, on what has proved to be an excellent investment for Maven clients.” Rob Butcher, joint Managing Director of Nenplas, added: “The Maven team has been a valuable and constructive investment partner in helping our business grow, providing insightful advice and strategic support on acquisitions and developments into new markets. Maven has worked closely with our team since their original investment in 2006, supporting us through a demerger from Homelux and in completing acquisitions as we’ve grown the business.” About Nenplas Nenplas Ltd is today a leading supplier of extruded and fabricated plastic products and employs 120 people. Nenplas are recognised as an established manufacturer of trade extruded products, specialising in the design & development of new products to meet customer requirements. Source: Maven Press Release
Nenplas Frequently Asked Questions (FAQ)
Where is Nenplas's headquarters?
Nenplas's headquarters is located at Airfield Industrial Estate, Derbyshire.
What is Nenplas's latest funding round?
Nenplas's latest funding round is Corporate Majority.
Who are the investors of Nenplas?
Investors of Nenplas include Dollken-Weimar and Maven Capital Partners.
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