Carbolite acquired by Verder Group

Carbolite has been acquired by the Verder Group, giving the UK-based furnace manufacturer access to a wider international market while adding its expertise to the international industrial company's network.

Chief executive officer John Bailey expressed his pleasure at the move, which comes after several years of growth under Nova Capital.

The acquisition will "add great value due its strong penetrations in almost all the markets we serve", he argued, declaring that it will allow Carbolite to maintain an even stronger performance for its existing customers.

Andries Verder, chief executive officer of the Verder Group, underlined Mr Bailey's comments and suggested that Carbolite's leading market position will become a strong asset to his network of firms.

"Its high quality standards and growth potential make Carbolite a very exciting addition to our existing companies," he claimed.

This comes after the Verder Group acquired Eltra GmbH, a leading manufacturer of elemental analysers, earlier in the year.