Hazlewoods has recently advised Matcon Group Limited on its acquisition by IDEX Corporation.
Matcon Group Limited supply powder handling systems to the pharmaceutical, food and other sectors. It is based in Evesham, Worcestershire, and has a worldwide reach with bases in the United States, Australia, Japan, China and Europe.
Commenting on the acquisition, Charles Lee, Matcon's Managing Director said “We are very excited by the opportunity to become part of the IDEX global family of companies. Through the Material Processing Technology (MPT) group we see tremendous opportunities to expand our offering of lean powders handling solutions to our customers around the world by combining IDEX's considerable process applications expertise, product portfolio and global footprint with Matcon's project engineering and powders handling know-how and technology. The entire Matcon Team is very excited as we enter this new chapter in our Company's development."
Martin Howard, who led the Hazlewoods team together with tax partner Ruth Dooley, noted “Through a combination of hard work and innovation, Matcon has grown to be a very successful company. This deal represents a significant development in the Matcon ‘story’ and we are delighted for the management team and shareholders. We hope that Matcon will continue to thrive in the future under its new ownership”.