Ystrad Mynach, Wales--Hampshire-based rubber manufacturer, Cellular Developments Limited (CDL), has bought the assets of the former Roulunds Codan (Wales) operation on the Penallta Industrial Estate, near Ystrad Mynach, which produced rubber hoses and mouldings for the automotive industry.
The financial package, negotiated by professional advisors Broomfield and Alexander, included a Â£190,000 Regional Selective Assistance grant from the Welsh Assembly Government, and a Business Support Grant from Caerphilly County Borough Council.
The new company will trade as Valley Rubber Limited, and aims to capitalise on Roulunds Codan's expertise in the automotive sector and expand its range of products, placing particular emphasis on creating a research and development capability.
Valley Rubber has its own laboratory and technical personnel, and will maintain CDL's approach of involvement in the design and engineering of components. The company holds and will maintain the TS16949 Quality approval standard, which enables it to supply to the highest level of automotive applications.
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