C&T Matrix takes majority stake in Clear Group
Creasing matrix and die consumables manufacturer C&T Matrix has acquired a majority stake in die supplies specialist Clear Group.
Print Monthly Consultant Editor
Thursday, 10 Feb 2022 11:50 GMT
C&T Matrix said the deal would bring significant benefits to both businesses
Financial terms of the deal were not disclosed, but C&T Matrix did state that the purchase would bring significant benefits to both parties.
These, C&T Matrix, would include long-term distribution security for C&T Matrix in Southern Europe and access to Clear Group’s range of products, while Clear can take advantage of C&T’s global manufacturing experience, distribution scale and financial backing.
Founded in 1993, Clear Group is focused primarily on Spain and Portugal and in recent years has made significant investment in its manufacturing processes, adding laser cutting, rubber conversion, injection moulding and die machinery to its production capabilities.
“C&T and Clear have enjoyed a long and successful relationship and further cooperation was inevitable, given the calibre of people and products within the Clear organisation,” C&T Matrix managing director Simon Shenton says.
C&T and Clear have enjoyed a long and successful relationship and further cooperation was inevitable, given the calibre of people and products within the Clear organisation”
“I am thrilled that Clear Group is joining the C&T Matrix family - this partnership is a perfect strategic fit for both businesses. Most importantly, our customers will see real benefits in terms of product diversity, customer service and technical support.
“The products developed and manufactured by Clear are of cutting-edge quality and will be made available throughout the C&T Group.”
Juan Carlos Montesinos, chief executive of Clear Group, adds: “C&T is a natural partner for Clear Group and together we will achieve great things. We will be able to offer more technical and consultancy services to our customers, thanks to the additional resources and experience gained from within the C&T Group and its worldwide distribution network.
“Furthermore, the additional financial resources available will ensure that investment in R&D remains at the forefront of our strategy as we seek to offer new and innovative products.”
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