The Watermill Group, a strategy-driven private investment firm, has completed the cross-border acquisition of Andaray (Holdings) Limited and its direct and indirect subsidiaries (Cooper & Turner), a UK-based global manufacturer and distributor of high-strength, large diameter industrial fastener systems.
Market leading organizations in wind energy, construction, OEM, rail, and tunneling turn to Cooper & Turner as a supplier of fasteners for can’t-fail applications and extreme environments.
“Cooper & Turner’s reputation and track record is virtually unmatched,” stated Julia Karol, President and COO, Watermill Group. “Combining Watermill’s strategy-driven approach with Cooper & Turner’s highly experienced management team, the company has an exciting opportunity to become the world’s first, truly global mission-critical-fastener supplier.”
Headquartered in Sheffield, England, Cooper & Turner serves a global customer base with strategically positioned manufacturing and distribution operations across the European Union, China, and the U.S. This global network enables Cooper & Turner to offer a seamless, one-stop shop solution for the manufacture and distribution of industrial fasteners that meet the highest levels of quality.
The company will continue to deliver the same trusted and high-quality experience across existing product lines, manufacturing sites and distribution operations as the business also pursues new product, service and market opportunities around the world.
“Cooper & Turner is a compelling business with a highly experienced senior management team, led by brothers Tony and David Brown, whose entrepreneurial vision and operational expertise have been paramount to the organization’s success,” said Ronald M. Krisanda, Watermill Advisor and former President and COO at Milacron Holdings Corporation, will serve as the Chairman of the Board of Advisors for the organization.
“We are thrilled to join Watermill for this next chapter in the history of Cooper & Turner,” stated Tony Brown, Group CEO, Cooper & Turner. “For nearly two centuries, this organization has evolved and thrived – innovating alongside cutting-edge customers and developing industry-leading service levels across established and emerging sectors. Watermill’s strategic guidance will be invaluable to us as we continue in this tradition of growth and progress.”
Brown and his brother, David Brown, will retain a significant shareholding in the company.
The acquisition of Cooper & Turner deepens Watermill’s presence in the UK, and adds to a portfolio of other holdings across North America.