Nenplas continues to expand with the acquisition of Delta Plastics
Maven investee company Nenplas has acquired Delta Plastics, its second acquisition in as many years following the purchase of Polyplas in 2013. The transaction forms part of its strategy to grow the Nenplas group to a £4m plus EBITDA business through acquisition and organic growth.
Based in Wolverhampton, Delta specialises in the design and production of rigid and flexible extruded plastic and rubber products which are used in a variety of applications such as cladding profiles for the building trade, door seals and trailer pelmets.
The acquisition of Delta adds a number of complementary products to Nenplas’ existing range and provides additional manufacturing capacity in support of future organic growth. Delta will also provide a number of synergistic benefits for the expanded group, allowing it to secure raw materials at more competitive prices and increase manufacturing volumes, leading to improved margins and efficiencies for the business.
Maven has been invested in Nenplas since 2013 following a secondary buyout by the existing management team. That transaction had involved a complex demerger process which resulted in the sale of the Homelux Division, with Maven retaining a significant minority interest in the remaining Nenplas Holdings business.