Benchmark International Advises on the Sale of E.Braude Limited to Heatrod Elements
Benchmark International is pleased to announce the sale of E.Braude Limited to Heatrod Elements.
Braude, which is based in Sandhurst, Berkshire has earned a worldwide reputation as a specialist in thermal process equipment, in particular when it comes to the heating and cooling of highly corrosive liquids. With a turnover exceeding £1m and an operating profit regularly in excess of 10%, the Braude acquisition is supported by strong financial performances. The company will continue to run its operations and service customers from its base in Sandhurst, under the Braude name.
Heatrod Elements are located in the Manchester area and are the UK’s leading manufacturer of heating elements and associated equipment for domestic and industrial heating applications. They also a have a broad knowledge of electric heating throughout various industries and their current range of industrial heating solutions are unrivalled globally.
Simon Ellam, Managing Director at Heatrod Elements said: “Braude operate in a highly specialised area of heating which is something we don’t have the capacity for at our Salford base. Braude has the ability to not only supply products into particularly harsh environments but also the engineering expertise to help design a complete solution. We see these capabilities as a very good strategic fit with our own growth in industrial market sectors. Braude have a number of prestigious clients who we look forward to working with and developing strong relationships.”
On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.
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Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners achieve their personal objectives and ensure the continued growth of their businesses.