Global Engineering Company Tritech Group Acquire UK based Composite Company
06 Jul 2017
A UK manufacturer of complex composite components for motorsports, supercars and F1 teams has been acquired by a UK Wrexham based company.
Global engineering company Tritech Group has announced the acquisition of Hampshire based BRP Composite Limited for an undisclosed sum. The acquisition adds new technologies and capabilities to Tritech Groups strong portfolio of manufacturing services and allows BRP to expand into additional markets including aerospace and defence.
Hampshire-based prototyping specialist BRP Composites has been manufacturing carbon fibre, glass fibre and Kevlar components – predominantly for the supercar, motorsports and F1 industry – since 2001 and has grown to become a leading subcontractor in its field.
The acquisition sees BRP Composites Ltd join Tritech Group and adds to the Groups growing global presence which now includes seven facilities within the UK and an Aerospace Division in Dharwad, Karnataka, India. Tritech Group is the UK subsidiary of Neterwala Group, a Mumbai, India based technologically biased Group with diverse interests in Metallurgy, Software, Speciality Chemicals, Engineering, Geology, Oil and Gas and Environment.
Tritech Group Managing Director Ian Walker said: “We have been looking for an automotive prototyping specialist for some time, as there is significant crossover with our core aerospace business. The key to the future growth of Tritech Group is offering new technologies to keep pace with our focus on Total Manufacturing Solutions.
“BRP Composites has a superb track record and cutting-edge engineering skills, which will benefit our combined customer base with new innovative products.”
BRP founding director Neale Blunden commented: “Being part of a bigger group means we can accelerate our growth plans, and launch into new markets. This is a very beneficial conclusion for both Tritech Group and BRP and a very successful conclusion for our customers.
BRP has a great deal of expertise in specialist composites prototyping to reduce weight and energy use of components, and attracted significant interest from new clients. But the strong synergies between Tritech Group and BRP made them a perfect match early on”