Decisive Dividend Corporation, an acquisition-oriented company focused on opportunities in manufacturing, has acquired Elland-based Techbelt.
Founded in 2002, Techbelt is a manufacturer of polytetrafluoroethylene (PTFE) conveyor belts, PTFE tapes, and PTFE materials which are used in a wide range of end markets including food and beverage, packaging, textiles, agriculture, and fast-moving consumer goods.
Techbelt marks Decisive’s second acquisition in the UK.
Managing Director of Techbelt, Simon Sparkes, who has been with Techbelt since 2006, has committed to lead the business for at least the next three years.
Jeff Schellenberg, Chief Executive Officer of Decisive, said: “We are thrilled to add Techbelt, its leadership team, employees, and high-margin wear-part products to our growing portfolio of businesses.
“Having the opportunity to add another business that sells wear-parts is a great fit for our dividend paying model and aligns with our strategy of investing in industry verticals we have previously invested in.
“The customers these wear-parts are sold to operate in the food and beverage, packaging, textiles, agriculture, and fast-moving consumer goods industries, with locations in the United Kingdom, Europe, Asia, Oceania, North and South America and Africa, further diversifying our cash flow profile and expanding our non-North American revenue base.
“Finding another set of legacy minded business owners who care deeply about seeing the business they have built carry forward is extremely rewarding for us and we are pleased to welcome one of the vendors, Simon Sparkes, to our leadership group.
“Simon has committed to run the business for a minimum of three years, and the continuity that Simon’s leadership provides will help maintain the trajectory of growth the business has been on under Simon’s leadership, which is a critical piece of this deal to Decisive.
“We look forward to working with and supporting Simon and the whole Techbelt team to further build the business and take advantage of the market opportunities they have positioned the business for.”
Simon Sparkes, Managing Director of Techbelt, said: “Myself and the whole Techbelt team are thrilled to be part of the Decisive family. Having spent the last 17 years building a business it was important that we find the right partner to continue our growth and take us to the next step. I’m passionate about our employees, customers and suppliers.
“We wanted to find a new owner with aligning values, who will allow us to continue with our own identity whilst providing us with the support and access to markets we have identified as growth opportunities.
“I look forward to the opportunities that Decisive will provide us in North America. A deeper and more localised access to this market has been a personal aspiration of mine for a number of years and I’m excited about what the future looks like for Techbelt.”
