07 Mar 2019
A Telford-based industrial air filtration and extraction company has completed its largest-ever acquisition with the £6.6m purchase of DCS Group in Yorkshire.
Filtermist International, which is part of the Absolent Group, has said the deal will provide the group with the opportunity to increase its global presence in key sectors, including pharmaceutical and woodworking.
The move is the latest in a series of recent acquisitions that have included dust filtration systems manufacturer Dustcheck and customised air movement and air pollution control system specialist Multi-Fan Systems.
Filtermist International chief executive James Stansfield said: "This latest deal is designed to significantly enhance Absolent Group’s presence in the dust and fume extraction market.
"We have extremely ambitious targets over the next five years and increasing our presence in all of our market sectors is a key strategic objective.
"We will be combining the strengths of our companies to offer our customers a complete solution for air extraction and filtration.
"Traditionally, Filtermist has been known for its oil mist extraction capabilities – the acquisitions we have made so far mean that as a company we are now able to offer dust and fume extraction, VOC abatement, odour control, solvent recovery and more.
"We offer a full turn-key service for customers that need to ensure the air is free from a wide range of contaminants.
"This ranges from initial recommendations and project management services, to equipment manufacture and supply, installation, commissioning and after-sales support."
Founded more than 30 years ago, the DCS Group collectively acts as a designer, supplier, installer and commissioner of fume and dust extraction systems.
It consists of a number of specialist enterprises including DCS and Cades as well as Ecogate and Gallito.
Filtermist International was supported by PKF Cooper Parry and Legal Clarity during negotiations, while the sellers were advised by the Camlee Group alongside Yorkshire law firm Gordons and Bradford accountants Naylor Wintersgill.
DCS Group, which had a consolidated turnover of £11.4m during 2018, will be integrated and consolidated into Absolent Group with immediate effect.