Evolve Corporate Finance, the national M&A advisory practice headquartered in Birmingham, has successfully advised the owners of Veker Extrusions (“Veker”), a Birmingham-based specialist manufacturer of rubber extrusion products to the construction, marine, automotive and rail markets, on its sale to Worcestershire-based Reddiplex Group.

Under the stewardship of Veker’s directors and shareholders, Paul Kersel and Kevin Crossley, the business has become one of the leading independent players in the UK market. It offers a comprehensive range of specialist rubber extrusions, gaskets, seals, and mouldings to UK and overseas clients across a diverse range of markets. The sale to Reddiplex, a market leader in the sector, will enable the business to grow and invest further in product development and innovation while simultaneously providing a full exit for its shareholders.

Reddiplex, which is headquartered in Droitwich, Worcestershire, specialises in manufacturing high-quality extruded plastic and rubber products. The acquisition of Veker expands Reddiplex’s capabilities and offering, as Veker brings several unique and complementary product and process solutions to the group, strengthening its position as a market leader in the UK.

An advisory team at Evolve Corporate Finance, led by David Neate, partner and co-founder, with support from assistant director, Doug Allan, provided advice to the owners of Veker. Law firm Penningtons, led by Richard Wrigley, partner, from its corporate team provided legal advice.