ERJ staff report (PRW)
By PRW Staff
Wallsend, UK – Barrier Group has acquired a 49 percent stake in a North East UK-based rubber product manufacturing company.
The Wallsend-based firm bought the share in Tyneside’s Aquaseal Rubber with the aim of helping to expand the business’ presence into new markets.
Aquaseal Rubber, which is based in Longbenton, is a family business run by managing director Jason Armstrong and his father, Eddie Armstrong. The company primarily manufactures rubber coatings, tubes for road cleaning equipment and fenders for remotely operated vehicles.
The acquisition of a stake in Aquaseal Rubber comes as part of a broader move by Barrier to expand the business and move into new markets. Existing customers of Barrier will also benefit from the additional range of services provided by the acquisition, the company added.
Armstrong said: “Having been a family run company since 1972, we feel our longevity and success speaks for itself. However, to have a major player in North East industry such as Barrier seeking to work with us is a massive boost to the company, and reiterates our success.”
Robert Bowles, chairman of Barrier Group, said: “We are delighted to have acquired the stake in Aquaseal Rubber. It is a company with a strong history and an excellent reputation for quality and service.”
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Article from PRW
