Investment Announcement
2 March 2023Leading Surface Protection Company Ancorite Group announces investment in its UK business with the Steuler Group acquiring 75% of Ancorite Holdings Limited (and its subsidiaries) in three stages completing in 2024.
Steuler Group who are headquartered in Hoehr-Grenzhausen near Frankfurt in Germany are one of the largest designers, manufacturers, and installers of anti-corrosive surface protection products globally. It employs over 2700 employees with revenue of around 440 million Euros.
Ancorite Group Managing Director Mark Nicholson commented– ‘We are delighted to become a new family member of the Steuler Group. This will future proof the long term continued success of the business with synergies complementing our current service offering of specialist floor coatings, rubber and refractory linings, anti -corrosive linings and GRP pipework. It will also allow access and opportunities to new market sectors, products, and services to support the growth and future ambitions of the Group.’