Angus Fire completes buyout from United Technology Corporation

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Clearwater Advisor

Press Release

The management of fire fighting product manufacturer Angus Fire completed a £62million management buyout backed by LDC and advised on by Clearwater International.

LDC acquired a significant equity stake in the business, which was formed via the acquisition of four international trading divisions of US-based United Technology Corporation.

Angus Fire, which has sites near Lancaster and in Oxfordshire, designs and manufactures fire hoses, industrial hoses, foam concentrates and engineered fire fighting systems. The company was established more than 100 years ago and now employs over 250 people.

“Angus Fire is an established leader in fire fighting technology and a great British manufacturing success story. The business has significant potential to increase market share in emerging markets, such as the Middle East, and LDC’s backing will accelerate this strategy.”

John Clarke, Director, Clearwater International