Weldability Sif, with a legacy dating from 1925, are a trusted provider of welding, cutting and fume-extraction equipment, consumables and accessories, in the UK and EMEA.
Indutrade markets and sells components, systems and services with a high-tech content in selected niches, for recurring needs. Indutrade is listed on Nasdaq Stockholm and achieved net sales of around €1.6bn EUR in 2018 through a structured strategy. It is proudly a decentralised organisation, characterised by an entrepreneurial spirit.
Joining Indutrade provides Weldability Sif with the platform from which it can achieve its further growth objectives and enter new markets, whilst retaining its culture, team and established distribution channels.
Gareth Hawkins, MD of Weldability Sif, commented “We are excited to be joining such a strong, progressive and supportive group at Indutrade, and looking forward to further improving our customer experience as we enter this new chapter of our company history.” No changes in daily operations with customers, vendors or supply-chain are envisaged as a result of this sale. Weldability founder and long-serving Chairman, Adrian Hawkins, said “Having built the business over the last 37 years, on key values of stability, reliability and technical excellence, I am delighted that its new owners share those values and will provide an ideal environment for the company to further develop, to the benefit of its loyal customers.”
“We are pleased to announce our acquisition of Weldability Sif, which broadens our offering of welding products and provides additional growth opportunities in the UK and EMEA”, said Peter Rowlands, Senior Vice President of UK Business Area at Indutrade.
Commenting on Rockworth’s involvement, Adrian Hawkins said: ” The family are delighted with the outcome. Our sincere thanks to you, William and Zuzana for getting this to fruition. It is a perfect new owner for the business and provides an exciting future inside a major group. Penningtons Manches and Rockworth are a formidable team!”