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AS Rubber and Plastics expands following MBO

Published on 2003-09-30. Author : SpecialChem

 

UK converter AS Rubber and Plastics has relocated to larger premises in Wednesbury following the completion of a management buy-out from PAL Adhesives, which previously held a half stake in the business.

The company, which supplies the construction and automotive industries, has not revealed the value of the buy-out.

"We';ve come a long way since I started the business in 1996," said AS Rubber and Plastics managing director Arthur Weale. "The company';s grown and developed and we now have a turnover of £2m with exports to Ireland and the US."

The company was previously dependent on PAL Adhesives for its converting requirements but its laminating and adhesion requirements meant it needed access to specialist equipment, which it now has under its own roof.

The company, which previously had 10 employees, has recruited two new staff since the move.


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