The Watermill Group, a US-based strategy driven private investment firm, has completed the acquisition of Andaray (Holdings) Limited and its direct and indirect subsidiaries – including Cooper & Turner, the UK-based global manufacturer and distributor of high-strength, large diameter industrial fastener systems.
Market leading organisations in wind energy, construction, OEM, rail and tunneling turn to Cooper & Turner as one of the leading suppliers of fasteners for ‘can’t fail’ fastening applications and extreme environments, when the highest quality products are vital.
“Cooper & Turner’s reputation and track record is virtually unmatched,” stated Julia Karol, president and COO at Watermill Group. “We are impressed with the company’s unwavering commitment to quality and safety, its high customer service levels, as well as its global manufacturing and distribution footprint. Combining Watermill’s strategy driven approach with Cooper & Turner’s highly experienced management team, the company has an exciting opportunity to become the world’s first, truly global mission critical fastener supplier.”
Headquartered in Sheffield, UK, Cooper & Turner Ltd serves a global customer base with strategically positioned manufacturing and distribution operations across the European Union, China and the United States. This global network enables Cooper & Turner to offer a seamless, ‘one stop shop’ solution for the manufacture and distribution of industrial fasteners that meet the highest levels of quality. The company will continue to deliver the same trusted and high-quality experience across existing product lines, manufacturing sites, and distribution operations, as the business also pursues new product, service and market opportunities around the world.
Ronald M. Krisanda, Watermill advisor and former president and COO at Milacron Holdings Corporation, will serve as the chairman of the board of advisors for the organisation. “Cooper & Turner is a compelling business with a highly experienced senior management team, led by brothers Tony and David Brown, whose entrepreneurial vision and operational expertise have been paramount to the organisation’s success,” said Mr Krisanda. “We look forward to working with them and their team to uncover new opportunities and accelerate the company’s growth in the booming international wind sector and beyond.”
Last year, the Cooper & Turner board began seeking a partner/investor who could help the business grow and give strategic direction across the three continents from which it manufactures and distributes fasteners. Following months of discussions, Watermill emerged as the most capable partner to see Cooper & Turner into the next decade.
“We are thrilled to join Watermill for this next chapter in the history of Cooper & Turner,” stated Tony Brown, group CEO at Cooper & Turner. “For nearly two centuries, this organisation has evolved and thrived – innovating alongside cutting edge customers and developing industry leading service levels across established and emerging sectors. Watermill’s strategic guidance will be invaluable to us as we continue in this tradition of growth and progress.” Tony Brown and David Brown, who is head of group production, will remain in their current positions and retain a significant shareholding in the company.
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