RBS Invoice Finance provided bank debt for the deal, whose overall amount was not disclosed.
Led by CEO Andy Richardson, Arc operates:
– the Cooper Coated Coil division which produces non-stick coated steel for the bakeware industry, and
– the EWS division, which produces rolled steel products for the fenestration industry.
Formed in March 2013, the company acquired TBF International Limited, in July 2014. In September 2015, Arc acquired the business and assets of EWS (Manufacturing) Ltd.
Mobeus has backed Arc’s management team, which also includes Group Finance Director Chris Manamley, Cooper Coated Coil’s Managing Director Kevin Tranter and EWS Managing Director Merv Richards, to lead the company into the next stage of its development.
Industry veteran Nick Ward will assume the position of Chairman of Arc on completion.