European Slate Company Acquired by Investors

The European Slate Company Limited (ESCO) has been acquired by Euston Ventures, an investment company.

ESCO supplies builders’ merchants across the South of England and the Midlands. The company imports and distributes natural roofing slate from quarries in Wales, Spain, Malaysia and Brazil.

New owner, Euston Ventures focuses on acquiring and growing specialist manufacturing, industrial and product distribution businesses.

The deal, for an undisclosed sum, was secured by Swindon-based corporate finance specialist Watersheds.

Euston Ventures already owns the complementary roofing components manufacturer business European Plastics. The Wales-based business makes dry verge and eaves accessories, offering some shared industry knowledge and customer bases.

Looking After the ESCO Team

ESCO was built by owner Mike Farelly, alongside an experienced team, including many who had worked with him prior to the formation of the company. It was therefore a critical priority to find the right buyer for the company.

Mike Farelly commented: “It was important to me that the business was placed in safe hands and that my team would not only be looked after but also given the opportunity to ‘step up’.”

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