Ensors advise B&D Plastics owners on the sale to Flowmax Limited

In advance of the October 2024 budget, Ensors advised the shareholders of B&D Plastic Limited and B&D Plastic (Midlands) Limited on the sale of the businesses to Flowmax Limited.

The final deal structure allowed two shareholders to step away from the business, with the other two shareholders continuing as owners, staying fully involved on a day-to-day basis, under the Flowmax umbrella.

Based in Walsall and Colchester, both entities operate under one ‘B&D Plastics’ brand, supplying pipework systems to a variety of market sectors, successfully doing so for the past 25 years. B&D Plastics prides itself on its ability to link installers, contractors and engineers with market leading pipework systems. B&D Plastics core belief is that their knowledge and expertise of pipework systems, coupled with a customer focused approach, solidifies their position as a first-class service provider.

Flowmax Limited, based in Coventry,  are an operational partner that have grown significantly through organic growth and acquisition. Their success has been driven by their ability to partner with entrepreneurial owners, retaining and working with the owners, investing in the business and helping them grow to the next level. Flowmax currently have fifteen businesses in the UK with a combined turnover of over sixty million pounds. The Flowmax group focusses on manufacturing, importing and distributing medium technology fluid management and control products supplying sectors including renewables, pharmaceuticals and technical products.

The strategic integration of B&D Plastics into Flowmax Limited’s portfolio will provide both companies with a wealth of new opportunities and synergies, allowing B&D Plastics to further continue the growth and development it has experienced over the last 25 years.

Simon Martin and the Corporate Finance team provided sale advisory services to the shareholders, in conjunction with Paul Forsyth and Alfie Rowland of Ellisons, who provided the sell-side legal advice.

Dave Arnold of B&D Plastics commented:

“We are delighted to have concluded this deal which will provide B&D with a platform for further growth. Dave Edge and I are excited by the prospect of taking the group to the next level with Flowmax’s support”.                  

Regarding Ensors’ input:                                                                                          

“Without your assistance I think completion would have taken much longer to come around, we are all extremely grateful for your help with this once in a lifetime event. Thanks again Simon, you have been a pleasure to deal with  all the way through this process, Ensors have a great asset!”

Simon Martin of Ensors said:

“This was a deal with its challenges, but it was so refreshing to have both sides working together to find a fair outcome. A mentally challenging deal but a very enjoyable one. I have every confidence that B&D will only go on to bigger and better things from here.”

The Flowmax team was led by Graham Morrell, Group CEO of Flowmax Limited, with legal advice provided by Tom Walker of Freeths.