Peterson Energy Logistics reaches agreement with Liberty Industrial for exclusive use of Great Yarmouth facility
International energy logistics provider Peterson and Liberty Industrial (Liberty) have established a...
Leicester, March 4, 2020 – Nylacast announced today that it has completed the acquisition of Viva Nylons as part of its expansion plans.
Located in Leicester, UK, Viva is a renowned manufacturer of cast nylon semi-finished products and delivers a wide stock range of plates, rods and tubes to distributors and machining centres across the globe.
The recent acquisition forms part of Nylacast’s wider growth strategy and commitment to offering value-adding engineered solutions to its customer base of leading manufacturers from industries including construction, transport, pharmaceuticals, defence, marine and energy.
Mussa Mahomed, Nylacast Group CEO, said: “We are delighted to welcome Viva Nylons to the Nylacast group. This acquisition brings together two successful, engineering-led companies at the forefront of polymer technology. It is also intuitive to our increasing demand for capacity and expansion.”
The acquisition was agreed at an undisclosed sum and will see Viva Nylons become a wholly owned subsidiary of Nylacast, preserving its brand for the foreseeable future.
Steve Aldred of Viva Nylons said: “It’s incredibly exciting for the Viva Nylons team to now be part of the much bigger Nylacast family. For the employees of both companies it’s a fantastic opportunity to share experiences and develop further together.”
Nylacast currently has three manufacturing plants in Leicester along with its World Headquarters. The engineering firm has additional plants in China, South Africa and the USA. Employing 530 members of staff, Nylacast services a worldwide market place with its custom engineered, low weight, low friction components used in safety-critical applications to maximise production and minimise downtime.