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Growth planned after MBO at Purex International

posted 27 Apr 2015, 01:49 by RiDO Rotherham   [ updated 27 Apr 2015, 01:50 ]
New owners of Rotherham-based fume extraction company Purex International are planning international growth after completing a management buyout.
Parent company Domino Printing Sciences sold Purex, part of the group since 2004, to the existing management of Andy Easey and Trefor Jones.
Mr Jones, managing director of the now independent company, said: “Purex has enjoyed being a part of the Domino Group over a number of years and in that time has developed an enviable reputation, not only for providing fume extraction solutions to the coding and marking industry but also as a key partner across a range of industrial applications.”
He said the company was now looking forward to developing new markets and applications, and that there would be further investment in new products – a new range of machines will be launched over the coming year.
Purex, which employs some 26 people, has its HQ at the Manvers former Enterprise Zone in Rotherham, which helped companies create some 10,000 new jobs over its decade or so as a supported area.
Manvers was the UK’s largest local authority regeneration programme. A prime force in bringing that about is Rotherham Investment & Development Office (RiDO), the Metropolitan Borough Council’s regeneration arm. RiDO head Tim O’Connell welcomed Purex’s planned growth: “It’s a great company, providing a vital service to business, and we wish them well.”
The plans are to expand in emerging markets such as Russia, India and Asia, and to grow its US operations – it has a base in Chicago – while maintaining the focus on looking after existing customers. Domino has entered into a supply arrangement to enable a smooth transition, with Purex continuing to provide it with equipment and services.