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Steel fastener manufacturer brought by US investment firm
The Watermill Group, a US private investment firm, has completed the acquisition of Cooper & Turner, a UK-based global manufacturer and distributor of high-strength, large diameter industrial fastener systems. Market leading organisations in wind energy, construction, OEM, rail and tunnelling turn to Cooper & Turner as one of the leading suppliers of fasteners for can’t-fail fastening applications and extreme environments, when the highest quality products are vital.
Headquartered in Sheffield, Cooper & Turner serves a global customer base with strategically positioned manufacturing and distribution operations across the European Union, China and the US. This global network enables Cooper & Turner to offer a seamless, one-stop shop solution for the manufacture and distribution of industrial fasteners that meet the highest levels of quality. The company will continue to deliver the same trusted and high-quality experience across existing product lines, manufacturing sites and distribution operations as the business also pursues new product, service and market opportunities around the world.
Julia Karol, President and COO, Watermill Group commented: “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 organization 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.” Tony Brown and his brother, David Brown, will retain a significant shareholding in the Company.
The acquisition of Cooper & Turner deepens Watermill’s presence in the UK and adds to a portfolio of other holdings across North America.
Cooper & Turner
Founded in the 1800s by Joseph and James Turner as a gun barrel manufacturer, Cooper & Turner is now one of Europe’s leading manufacturers of bolts, nuts and washers for the Wind, Railway, Tunnelling, Oil & Gas and Structural bolting industries. Headquartered in Sheffield, England, Cooper & Turner has operations in the United Kingdom, China and the United States.
The Watermill Group
The Watermill Group is a strategy-driven private investment firm that helps companies achieve their full potential through strategic transformation. For more than three decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses in which it can apply a unique combination of strategic insight and management expertise to re-imagine their future and drive growth.