Chemical spills specialist Fosse Liquitrol of Whetstone merges with Northants rival
A company that makes specialist equipment for dealing with oil and chemical spills has merged with a competitor.
Fosse Liquitrol, in Whetstone, has joined forces with Northamptonshire's Forth Systems.
The merger will give the Leicestershire manufacturer and supplier control of an established business which already turns over about £1 million distributing the American Enpac spill control brand.
Fosse Liquitrol managing director Miles Hillman would not say how much the deal cost, but said it had taken several months to negotiate.
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He said Forth Systems managing director Mike Claridge was relocating to Whetstone and would continue in sales and marketing for the Enpac range. Mr Hillman said jobs had gone in Northamptonshire.
He said: "The logic of bringing the two businesses together, unifying the market offering to our clients and unifying the warehousing, distribution and sales operations makes a lot of sense.
"The business is moving up here but there have been job losses."
Fosse Liquitrol turns over about £4 million a year and has 23 staff.
It provides spill control systems – such as absorbents, spill kits and bunded storage – to the aerospace, engineering, petrochemical, waste management, transport and food industries, as well as hospitals.
Three-quarters of its turnover comes from UK clients while overseas business is centred on eastern Europe, Abu Dhabi and Qatar in the Middle East, and Nigeria.
Last year, it won a £130,000 order to supply chemical spill kits for Total Elf's operations in the Niger Delta region of Nigeria.
Mr Hillman, who started the company in 1985, said they moved into a new 24,000 sq ft warehouse off Lutterworth Road – which also has a manufacturing plant – last year after their original premises were destroyed by fire in 2011.
He said: "2012 was a good year. The overseas markets are certainly booming. Our major market is the UK and that's where we've concentrated our efforts, but overseas is up to about 25 per cent and we are putting resources into that, too.
"The opportunities from combining the two companies will be very much the focus of our attentions now, building the markets for both our products and Enpac's."