UK: Condensate pump manufacturer Aspen Pumps has acquired Middlesbrough-based tool specialist Javac UK.
Founded in 1973 by the Davies family, Javac UK has grown from a niche supplier of refrigeration and vacuum equipment to a leading force within the UK ACR industry.
Javac UK managing director Steve Davies and sales director Scott Davies will remain with the business.
“It’s a natural fit for both businesses; we share the same core values,” commented Aspen Pumps CEO Adrian Thompson. “Steve and Scott Davies have done an excellent job in making Javac the UK’s number one.”
Javac UK founder Steve Davies said: “This is a great opportunity for Javac UK and Aspen to form an unbeatable partnership within the refrigeration and air-conditioning industry. We are all excited at the prospect and our business can now only develop and grow.”
Javac UK is Aspen Pumps’ second investment within two months, following on from the acquisition of Salina SAS (France) in May.
Javac Pty Ltd, the Australia based business, is not part of this transition and remains a separate company under private ownership.