NetComposites
Airtech

Management Buy-out at Pultrex

22 July 2003

In line with Pacific Composites’ plans to concentrate on composites manufacturing, it has sold its equipment manufacturing business, Pultrex to a management team.

The business will continue to trade as usual under the Pultrex name, but the new joint owners are Managing Director Colin Leek, and Douglas Curtis Machine Tools Limited. Curtis seamlessly took over the manufacture of Pultrex machines 2 years ago when the decision was made to outsource the manufacturing.

The acquisition will widen the scope for Pultrex to forge technological partnerships for the development of innovative processes, and will further strengthen the engineering excellence for which Pultrex is known.

In 2001, Pultrex sought a manufacturing partner for its range of pultrusion machines, and special module based filament winding machines. ‘Curtis’ were chosen because of the high level of technological synergy, with the manufacturing capability to further enhance the standards of precision which will be demanded by the processes of tomorrow. Rick Curtis, the ‘Curtis’ group chairman said, “We were seeking to expand outside the automotive capital equipment market, and the manufacturing agreement with Pultrex worked really well. Pacific Composites were sympathetic to the need for a change of environment for Pultrex, and have done an excellent job in facilitating the change of ownership. The future promises to be very exciting and rewarding.”

Pultrex will continue with the same management and premises, and will maintain it’s full product range. This new collaboration will enable Pultrex to be more adventurous and take a more customer oriented approach to innovation and problem solving. Pultrex have been very successful in bucking the trend to global recession, with a healthy order book and a dynamic attitude to the future.





Share this story


Related / You might like...

ACMA Shows Support for IMAGINE Act

The American Composites Manufacturers Association participated in a roundtable discussion about the IMAGINE Act. Known as the Innovative Materials in American Growth and Infrastructure, Newly Expanded (IMAGINE) Act, the new bill is designed to promote the increased use of innovative materials like fibre reinforced polymer (FRP) composites, as well as new manufacturing methods to accelerate the deployment and extend the life of infrastructure projects.

Relining Solution Restores Drinking Water Supply in Amsterdam

After the collapse of a drinking water pipeline in downtown Amsterdam, the Netherlands, Insituform was contracted to reline a close to 100 year old pipe underneath one of the canals. Water was restored successfully within five days, with minimal impact on traffic and the environment.

Austrak, Laing O’Rourke and USQ Partner on Composite Rail Technology

Australian organisations Austrak, Laing O’Rourke and the University of Southern Queensland (USQ) have joined forces to develop polymer composite solutions for bridge transoms in a $10 million project titled Polymer Composite Transoms for Rail Bridge Deck Replacement (CompTrans).