This will further enhance the wide Sell-it (UK) Group brand range with names such as ARK, HUCK (available from Rivco), FAR, RIVIT and LOBSTER.
Kidderminster based Rivco were established in 1994 and are a long-standing player in the UK market, bringing an existing turnover of circa £3m and a workforce of ten sales and warehouse staff. This acquisition complements the direction and vision of the Group’s growth strategy.
Kamtech Fasteners, based in West Bromwich, established in 2015 and have a customer base which perfectly aligns with that of Scell-it (UK). This acquisition brings a further £1.5m of turnover and four sales and warehouse staff to the newly formed Group.
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Steven Auld, the original majority shareholder of both acquired businesses, will continue with the group in his new role as Joint Managing Director, supporting the Group’s staff and customers.
Gary Moseley, Joint Managing Director and one of the founding shareholders of Scell-it (UK), said: "We are thrilled to announce our acquisition of Rivco and Kamtech Fasteners, both businesses with excellent reputations in the UK and aligning perfectly with the existing Group. From initial discussions it was clear that this acquisition would fit in perfectly with our existing culture and help strengthen our position in the marketplace.
"These acquisitions reinforce Scell-it (UK) Group's dedication to providing unparalleled supply at competitive prices to meet the precise needs of our customers.
"We will continue to look for opportunities to grow and Steven and I are excited to embark on this journey with both teams, leveraging our combined expertise to ensure a seamless integration for all involved."
Their European partners, Scell-it SAS, based at the Group's headquarters in France, echoes this growth vision. With established operations in Poland and Italy, they actively seek further European acquisitions, propelling the total Group revenue beyond the current €50 million mark.
