PRO-SET Expands European Footprint with Wessex Acquisition
PRO-SET Formulated Resin Systems LLC an Iron Path Capital holding company announced the acquisition of Wessex Resins and Adhesives Ltd a European manufacturer of high-performance epoxy resins and adhesives. The transaction marks PRO-SET’s second acquisition following its purchase of Gougeon Brothers Inc earlier this year.
The acquisition expands the company’s formulated composite resins and adhesives business into Europe. Wessex has served as Gougeon Brothers’ European licensing partner for decades manufacturing and selling products under the WEST SYSTEM®, PRO-SET® and Entropy Resins® brands alongside its own WRA product line. Wessex manufactures and markets these products across Europe the Middle East Africa and parts of Asia.
“We’re excited to bring Wessex into the fold as we take a decisive step forward by uniting the composite resins and adhesives businesses to drive growth across Europe,” said Ted Clark executive chairman of PRO-SET Formulated Resin Systems and partner at Iron Path Capital. “This acquisition represents a natural coming together of two premier organizations with a deep long-standing partnership.”
Founded in 1981 Wessex is a family-run business that develops and manufactures epoxy products for customers requiring highly specified formulations including organizations in defense aerospace and transportation. PRO-SET said the acquisition strengthens its position in infusion laminating tooling coating and adhesive resin systems for structural composite applications.
As part of the transition Sam Oliver will assume the role of managing director of Wessex succeeding Ian Oliver. The companies said they expect a seamless leadership transition and integration.
This transaction reflects continued investment activity tied to mergers and acquisitions.
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