ERJ staff report (BC)
Newark, UK – Two Newark rubber companies, Charles Lawrence International Ltd (CLI) and Playtop Licensing Ltd, have been bought by the Munich-based Serafin Group.
CLI recycles end-of-life commercial vehicle tires to produce rubber and steel products.
It supplies tire rubber granulate, coloured EPDM rubber granulate and polyurethane binders to sports and playground surface installers in the UK. Its engineering division builds machinery for the installation and maintenance of sports and play surfaces.
Playtop Licensing is the owner and brand custodian of Playtop, which produces impact absorbing playground surfacing.
Developed by the Charles Lawrence Group, Playtop was first installed in the UK in 1977.
Company founder Charles Lawrence said: "I am very pleased that we have completed the sale of Charles Lawrence International and Playtop Licensing to Serafin Group. After 52 years in business I can retire with confidence that this transaction will be a good one for employees and customers alike.''
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Full story from Nottingham Post