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Value Undisclosed
Summary
Clingbrook, a Braintree-based rubber moulding manufacturing company, has been acquired by Norwich-based Walker Rubber in a retirement sale. This strategic transaction will see Clingbrook merge under the Walker Rubber brand, enhancing combined manufacturing expertise and capacity.
Summary of transaction details:
- Value: Not disclosed
- Sector: Manufacturing
- Advisor: KBS Corporate
- Key Entities: Clingbrook (Target), Walker Rubber (Acquirer)
- Location: Braintree, UK (Clingbrook) and Norwich, UK (Walker Rubber)
Note: The acquisition aims to protect Clingbrook's legacy and current jobs, while strengthening the manufacturing capabilities of the Walker Rubber group and reinforcing the East of England's prominence in specialist rubber engineering.
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