The Watermill Group, a US-based investment firm, has completed the acquisition of Sheffield-headquartered Cooper & Turner.
Cooper & Turner is a global manufacturer and distributor of high-strength, large diameter fastener systems for can’t-fail fastening applications (for end products like wind turbines, railway tracks and steel construction buildings).
Julia Karol, president and COO of Watermill Group, said: “Cooper & Turner’s reputation and track record is virtually unmatched. We are impressed with the company’s unwavering commitment to quality and safety, its high customer service levels, as well as its global manufacturing and distribution footprint.
“Combining Watermill’s strategy-driven approach with Cooper & Turner’s highly experienced management team, the company has an exciting opportunity to become the world’s first, truly global mission-critical-fastener supplier.”
Cooper & Turner serves a global customer base with manufacturing and distribution operations situated across Europe, China and the US. The manufacturer will continue to operate existing product lines, manufacturing sites and distribution operations whilst also pursue new product, service and market opportunities around the world.
Ronald M. Krisanda, Watermill Group advisor and former president and COO at Milacron Holdings Corporation, will serve as the chairman of the board of advisors for the company.
Mr Krisanda said: “Cooper & Turner is a compelling business with a highly experienced senior management team, led by brothers Tony and David Brown, whose entrepreneurial vision and operational expertise have been paramount to the organization’s success.
“We look forward to working with them and their team to uncover new opportunities and accelerate the Company’s growth in the booming international wind sector and beyond.”
Tony Brown, CEO of Cooper & Turner, commented: “We are thrilled to join Watermill for this next chapter in the history of Cooper & Turner. For nearly two centuries, this organization has evolved and thrived – innovating alongside cutting-edge customers and developing industry-leading service levels across established and emerging sectors.
“Watermill’s strategic guidance will be invaluable to us as we continue in this tradition of growth and progress.”
Tony and his brother, David Brown, will retain a significant shareholding in the Company.
The combined forces of the Cooper and Turner and MBW means that the ‘Group’ has been at the forefront of structural bolting manufacture for more than 160 years.
Cooper & Turner has a long history of supplying tunnel bolts to the mining and tunnelling industry.
We manufacture a complete range of track fasteners for the rail market. The quality and diversity of this product makes them suitable for the world’s railways.
We manufacture, stock & distribute highly engineered petro-chemical grade studbolt assemblies and fasteners for critical applications in the petro chemical and processing Industries.
MBW offers a full service to ‘Original Equipment Manufacturers’ (OEM's) from straightforward manufacture and supply to complete Direct Line Feed (DLF) solutions.
Cooper & Turner Ltd and MBW Ltd have more than 25 years experience of manufacturing and exporting product globally.