Capital Law is pleased to announce the sale of Ramp Surface Coatings Limited to Cyrus Investment Management, a specialist engineering turnaround investor.
Ramp Surface Coatings Ltd has acquired the paint and metal treatments arm of Ramp Industries Ltd, an established manufacturer of Ground Support Equipment for the aviation and defence industries.
Ramp is an approved supplier to many well-known companies in the industry such as Boeing, AgustaWestland (now Finmeccanica), Honeywell, Thales as well as the Ministry of Defence. The business holds both AS9100 and Nadcap accreditations and recently established a metal treatments facility which provides Anodising and Alocroming treatments to its customers and their supply chains.
Ramp Industries Ltd was formed in 1990 and acquired in 2004 by a team led by the current Managing Director Mervyn Ham.
Capital Law LLP advised Ramp Industries Limited, owners of Ramp Surface Coatings on the transaction.
Ian Watkins, Chief Investment Officer of Cyrus Investment Management, says:
”We are absolutely delighted to pick up this high quality company and believe it will fit perfectly within the Cyrus group. Customers are already increasing their orders with Cyrus companies because they know we now have in-house coating and treatment capabilities meaning faster turn-around times and tighter supply chain control.”