Spring Ventures’ portfolio company Supply+ acquires Andersons
Spring Ventures’ portfolio company, Supply Plus Limited, has acquired Andersons Fire and Rescue. Based near Cambridge, Supply Plus manufactures a range of precision engineered products for the fire and rescue services and petrochemicals distribution sectors. These include specialist fire ladders, beam gantry systems and hose reels used on fire trucks and petrochemicals tankers.
Andersons Fire and Rescue manufactures specialist fire ladders and beam gantry systems. The acquisition gives Supply Plus greater critical mass and the ability to invest further in strengthening its core product range.
Commenting on the acquisition John Hudson said, ‘We are always looking to invest further capital to grow and strengthen our portfolio companies. The deal gives makes Supply Plus the clear leader in their markets.’
Derek Gotts, CEO of Supply Plus said, ‘we are delighted to have completed this acquisition with Spring Ventures’ support.’
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