Pelsis Group has acquired the remaining 50% of Edialux France it did not own, as part of an ongoing international growth strategy, for an undisclosed sum. The company originally purchased a 50% stake in 2014.
The leading distributor has become a wholly owned subsidiary of the Knaresborough, North Yorkshire, headquartered company with all its employees, customers and suppliers transferring to Pelsis Group.
Based in Mâcon, near Lyon, Edialux France has a turnover of €16 million and 36 staff.
Pelsis Group chief executive Andrew Milner said the deal increases the company’s turnover to around £150m with the business now employing more than 500 people across 15 sites located throughout the UK, Europe, China and the US. Mr Milner said: “We have enjoyed good business relationships with Edialux France over a number of years. Both companies share similar business goals, values and aspirations.
“Due to the ongoing growth opportunities and the clear benefits of working together, we have decided now is the right time to fully align our businesses, enabling us to provide our customers with enhanced levels of product innovation, service and support.”
Serge Simon, Edialux France’s managing director, will continue to lead the company following the acquisition.
“Pelsis Group is a business with a clear growth strategy that shares our ambitions for further expanding the Edialux brand throughout Europe and the Nordics,” Mr Simon said.
- Read Pest’s interview with Pelsis Group CEO Andrew Milner, starting on p20 of Pest 73.