Clingbrook
Summary
Norwich-based Walker Rubber, founded in 1941, has successfully acquired Braintree-based precision rubber moulding manufacturer Clingbrook. The transaction, advised by KBS Corporate, facilitates the retirement of Clingbrook's owners, Cathy and Chris Joyner, after 30 years of ownership.
Summary of transaction details:
- Value: Not disclosed
- Sector: Manufacturing / Specialist Rubber Engineering
- Advisor: KBS Corporate (Joe Darbyshire, Max Whitworth)
- Key Entities: Target: Clingbrook; Acquirer: Walker Rubber; Selling Owners: Cathy and Chris Joyner
- Location: Braintree, UK (Target) / Norwich, UK (Acquirer)
Note: This strategic acquisition merges two historic firms to create a combined entity with over 125 years of manufacturing expertise. Clingbrook, incorporated in 1979, brings a highly specialized, fully in-house manufacturing model focused heavily on the bottling and packaging industry for major drinks brands. The deal safeguards Clingbrook's workforce and legacy while reinforcing the East of England's position as a vital hub for specialist rubber engineering within the revitalized UK manufacturing sector.
Original Source
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