Acorn Group acquires conveyor belting specialist Performance Conveyor Belting Ltd.
Axel Johnson International’s Acorn Group acquires conveyor belting specialist Performance Conveyor Belting Ltd.
Acorn Group, part of business group Power Transmission Solutions, strengthens its market position in the UK by the acquisition of Performance Conveyor Belting Ltd, a conveyor belt specialist.
Founded in 1997 by a husband-and-wife team of David and Linda Dummett, Performance Conveyor Belting (PCB) has grown to a 1.2m GBP turnover company with nine employees. The company is located in Cambridge in the East of England. It serves customers nationwide in the Maintenance, Repair, and operations (MRO) segment across various industrial sectors, but predominately food & beverage and agricultural industries. Its product portfolio consists entirely of conveyor belts and as a specialist in this field, they offer a large variety of belts as well as belt fabrication and customisation on-site from a modern workshop.
“The addition of PCB is a good strategic fit for the Acorn Group as it shares many similarities with our subsidiary Town & County Engineering Services. PCB brings a wealth of expertise and resources to help us further expand our business and better serve our customers. We are excited about the new opportunities this acquisition will bring and look forward to working with our new colleagues to achieve even greater success”, says Martin Povey, Managing Director, Acorn Group.
David Dummett, Managing Director of PCB, comments: “We are proud to become part of Acorn Group and Axel Johnson International. We have taken great care in selecting a partner that shares our values and vision for the future. I am confident that together we will continue to achieve great things under our new ownership.”
For further information, please contact:
Martin Povey, Managing Director, Acorn Group
+44 170 978 99 14