Sale: Vacuum Furnace Engineering Ltd (VFE)
Busch (UK) Ltd, part of the global Busch Vacuum Solutions group, has purchased Vacuum Furnace Engineering Ltd (VFE).
Vacuum Furnace Engineering Ltd was founded in 1985 and now has divisions in Halesowen and Poole in the UK and Singapore. It had a turnover of £16 million in 2019, employing 89 staff.
Andy Kay, Corporate Finance Partner at Crowe, said: “This acquisition is strategically important for Busch in the UK, as it enhances the company’s service offering across the UK and internationally.
For Vacuum Furnace Engineering, it opens doors to a much bigger marketplace and they will now be able to tap into Busch’s global customer footprint.
This deal is the result of forward-thinking with an eye to the long term strategy of both companies and we were delighted to be able to advise Busch on this important acquisition.
Crowe's role and team
Advisors to Busch on this acquisition, Andy Kay was the lead.
Client quote
“This is an exciting time for the Busch UK team. 2021 is our 50th anniversary in the UK and the acquisition of VFE marks a significant commitment by the Busch group to the UK market, ensuring we are well positioned for further long term service and growth. “We are stronger together and uniquely positioned to help UK manufacturers become more productive and sustainable through the application of our Busch vacuum solutions."
Tim Hulbert, Managing Director of Busch (UK) Ltd
