P+L Systems has bought the distributor business SX Environmental Supplies Ltd from its founder Richard Lunn, for an undisclosed sum.
Founded in 1996, SX Environmental has grown rapidly to become a respected player in the industry supplying a wide range of industry leading products and services to customers in the UK and mainland Europe. The SX business will remain in its current facility near Southend in Essex and Richard Lunn and his staff will continue to manage the business going forward.
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Commenting on the acquisition, which was announced today, Monday 13 February, Peter Mangion, managing director of P+L Systems said: “We are delighted to be welcoming the SX Environmental brand and business into the P+L Systems family. Richard Lunn and his team have built a strong business in SX and we are delighted that the team there will remain with us to help with the next stage of the company’s development. This is an important strategic acquisition for P+L Systems, one which broadens our offer to our increasingly wide pest control and facilities management customer base, across Europe.” |
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Peter added: “There has been a considerable amount of consolidation in our industry, whether through acquisitions or joint ventures, and it is important that P+L Systems remain competitive in terms of the range of products and services which we are able to offer to our customers.” Richard Lunn, founder of SX, said: “Having worked hard to grow the SX business over the last fifteen years I am delighted that the SX brand will enter the next stage of its development as part of the P+L Systems Group. My expansion plans for the SX brand to grow throughout Europe will benefit from the investment and resources which a larger organisation can bring. I am pleased to be remaining involved with the business I created and am looking forward to working with the team at P+L Systems. “I would also like to thank all our customers across the UK who have helped us grow over the last 15 years. They have my and my team’s assurance that we will continue to support their businesses with the same, unrivalled, support and service that only SX can give. |
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