Telford manufacturer's empire continues to expand
Telford manufacturer Filtermist has continued its expansion after one of its subsidiaries snapped up a Birmingham firm.
The air filtration specialist took over Multi Fan Systems a year ago, adding a specialist in designing and installing air movement and extraction systems with clients including the University of Birmingham and Ricoh.
Since then the company has expanded by a third.
Now Multi Fan has expanded after taking over Modus Air in Birmingham as part of a strategic growth plan.
Established in 1970, Modus Air specialises in dust and fume control, ventilation and heating for industrial clients, and has previously acted as a supplier for T54 Business Park-based Filtermist.
The acquisition is designed to increase the company’s presence across a number of key markets.
Contracts manager Richard Field said: “This deal will play a key role in supporting our aggressive growth ambitions.
"Multi Fan and Modus are aligned in a number of ways – we offer similar services, operate in the same sectors and both provide a full turn-key service to clients.
"When we found out that owner Stephen Vallis was looking for a buyer so he could retire, it seemed like the perfect opportunity for us.”
Mr Vallis will work as a consultant with Multi Fan Systems for a six-month handover period before retiring in 2018.
He said: “I have worked with the Filtermist team for a number of years so I am confident that the business will be in safe hands.”
Whilst this is the first acquisition Multi Fan Systems has made, it follows a number of acquisitions by Filtermist International – the most recent being Stoke based Dustcheck which Filtermist acquired in September.
Filtermist managing director James Stansfield added: “We have extremely ambitious growth targets across a number of UK and overseas markets. Acquiring established companies and expanding the products and services we can offer is a key factor in our plans.
“All acquisitions have been carefully selected to ensure they are the right fit for Filtermist and its customers. We are very clear on the strategy we are adopting and we are extremely excited about the direction we are moving in.
"Filtermist is a global market leader in oil mist removal and we are looking forward to evolving our reputation as a market leader in all types of industrial air filtration and extraction.”
