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.”