Rubix has completed the acquisition of ERIKS UK & Ireland as part of its strategic growth plan. ERIKS is a prominent industrial distributor, known for its expertise in flow technology, offering products such as hoses, valves, sealing, and gaskets, alongside technical services like customisation and repair.
This acquisition combines the strengths of two leading industrial distributors, broadening Rubix’s product and service range in flow technology. Vince McGurk, CEO of Rubix UK, Ireland, and Iceland, expressed enthusiasm about the acquisition, stating, “I’m delighted to welcome my new colleagues to Rubix and look forward to working with them as we take an improved and expanded offer to our customers. This is a very positive move for the manufacturing sector across the UK and Ireland.”
Pamela Bingham, CEO of ERIKS UK & Ireland, also commented on the merger: “This is a great day for both organisations, enhancing our collective ability to meet ever-changing and diverse customer needs.”
The transaction positions Rubix UK, Ireland & Iceland as the Group’s second-largest regional market, with combined annual revenues exceeding €850 million. In conjunction with this acquisition, Neuberger Berman Private Markets led the purchase of a minority equity shareholding in the Group, with additional investment from Adams Street Partners, LGT Capital Partners, J. Safra Sarasin Asset Management, and funds managed by BlackRock.
Goldman Sachs International and Rothschild & Co served as financial advisors to Rubix in this acquisition. For further details, visit Rubix’s website.
