Cellular Rubber buys assets of Roulunds Codan (Wales).

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 £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…

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