Newbury: BRP Composites sold to Tritech Group
BRP Composites, a Newbury-based UK prototyping specialist manufacturing parts for motorsports, supercars and F1 teams, has been acquired by Tritech Group of Wrexham, a UK subsidiary of India’s Neterwala Group, for an undisclosed sum.
BRP Composites has been making carbon-fibre, glass-fibre and Kevlar components since 2001, and has grown to become a leading subcontractor in its field.
Ian Walker, Tritech Group managing director, said: “We have been looking for an automotive prototyping specialist for some time, as there is significant crossover with our core aerospace business. BRP Composites has a superb track record and cutting-edge engineering skills, which will benefit our combined customer base with new innovative products.”
Neale Blunden, BRP founding director, commented: “Being part of a bigger group means we can accelerate our growth plans, and launch into new markets. I would like to thank BCMS for introducing us to Tritech and helping us negotiate to this successful conclusion.”
Blunden was advised by BCMS with legal advice from Freeths.
Scott Jones, the BCMS deal leader, added: “BRP has a great deal of expertise in specialist composites prototyping to reduce weight and energy use of components, and it attracted significant interest from potential acquirers.”