The Watermill Group has completed the cross-border acquisition of Andaray (Holdings) Ltd and its direct and indirect subsidiaries (Cooper & Turner), a distributor of petrochemical grade studbolt assemblies and fasteners.
Julia Karol, President and COO, Watermill Group, said: “Cooper & Turner’s reputation and track record is virtually unmatched […] We are impressed with the company’s unwavering commitment to quality and safety, its high customer service levels, as well as its global manufacturing and distribution footprint. Combining Watermill’s strategy-driven approach with Cooper & Turner’s highly experienced management team, the company has an exciting opportunity to become the world’s first, truly global mission-critical-fastener supplier.”
Tony Brown, Group CEO, Cooper & Turner, said: “We are thrilled to join Watermill for this next chapter in the history of Cooper & Turner […] For nearly two centuries, this organisation has evolved and thrived – innovating alongside cutting-edge customers and developing industry-leading service levels across established and emerging sectors. Watermill’s strategic guidance will be invaluable to us as we continue in this tradition of growth and progress.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/18082017/watermill-group-acquires-cooper-turner/