Life of Pye…
Capital Refractories is one of the largest independent refractory groups in the UK, and has been supplying metal melting, foundry and cement industries around the world for over 50 years. The group has developed a strong global presence with customers in over 40 countries, serviced through operations in the UK, Czech Republic, USA, India, China and Indonesia. Annual turnover is approaching £30m.
The two companies have developed a close working relationship over many years, and the acquisition by Capital is the natural next step. Pyemetric augments the group’s existing portfolio of technical ceramic products, and the group intends to develop its patented flow control technology enabling it to offer more innovative solutions to its customer base.
Kevin Davies and Declan Savage of BHP Corporate Finance acted as lead advisors to Capital Refractories on the acquisition. Kevin Davies, director, said: “This acquisition is a perfect fit for the Capital Refractories group. The transaction brings together two long-established and highly regarded businesses. The enlarged group provides the ideal platform for the continued development of both businesses.”
As a long-standing client of the firm, BHP continues to provide a range of services to the group, from ongoing financial advisory to annual compliance requirements.