Global industrial group, Purever Industries, has acquired the Irish headquartered international specialist contracting firm, Ardmac, for an undisclosed sum.
Ardmac is a leading provider of clean, technical and working environments to the life sciences, data, micro-electronics, EV battery and commercial sectors across Europe. The firm employs approx. 500 people and had revenues of €200m in 2023.
Purever Industries is a leading industrial manufacturer of cleanroom and isothermal products for a wide range of markets. Purever has operations in seven countries and its products are sold in more than 80. The business employs approx. 1,100 people and has recorded revenues of €222m in 2023.
Purever CEO Luis Coelho Borges will assume responsibility for the business and will be supported by the current management team for a period as the business transitions and integrates. Following completion of the acquisition, Ardmac will continue to operate and trade under its existing identity and structures.
Luis Coelho Borges, the CEO of Purever, commented: “The acquisition of Ardmac represents a landmark moment for the Purever group as we continue to scale and diversify our core offering. Significant synergies will be created as a consequence of this transaction, and we believe both businesses will benefit from growth in this regard. The strength of the combined offering that Purever and Ardmac presents will be compelling for customers, enabling us to offer both material supply and specialist construction solutions that bring a competitive advantage in our markets.”
Ronan Quinn, the CEO of Ardmac, said: “I am delighted that Ardmac is to become part of the Purever group through this acquisition. Purever’s strong and complementary fit, alongside Ardmac, will serve to strengthen the business’ growth ambitions into the future. Likewise, following the completion of the transaction, both businesses will benefit from enhanced capabilities, expertise and scale. It has been a privilege to have led the Ardmac business through a period of significant growth and I’m grateful to our talented team for all their efforts during that time. It is a great comfort to know the business is in good hands with Luis and the rest of the team at Purever, who appreciate Ardmac’s potential and are targeting growth.”
Ardmac was advised on the transaction by Capnua Corporate Finance and William Fry. Purever was advised by PLEN (Portugal) and Matheson (Ireland).
About Purever
Purever Industries, founded in Madrid in 2001, and now headquartered in Portugal, is a leading industrial manufacturer of cleanroom and isothermal products and solutions for life sciences, semi-conductor, food and other industries requiring protected technical rooms and installations. Purever has operations in seven countries, primarily across Europe and the US, and its products are sold in more than 80. Purever employs approx. 1,100 people across 15 offices and 10 factories, posting revenues of €222m in 2023.
About Ardmac
At Ardmac, our reputation is built by delivering results and exceeding client expectations. In over 45 years, we have grown to become the leading provider of high-tech cleanrooms, data centre solutions, quality fitouts, specialised refurbishments, and turn-key construction of manufacturing facilities across Europe.
Notes to editors
The acquisition of Ardmac by Purever does not include Carlow-based Cental Engineering Ltd, a business Ardmac shareholders acquired an equity stake in during 2020. Cental will continue to trade as normal.