LONDON – 21st November, 2017 – SEA Equity announces the acquisition of Pyroban and Pyropress, both leading providers of explosion protection equipment for use in hazardous environments, from Caterpillar Inc.
Pyroban and Pyropress are specialist manufacturers of explosion protection equipment that is safe for use in hazardous environments. Pyroban, headquartered in Shoreham-by-Sea with operations in the Netherlands and China, provides explosion protected materials handling equipment, engines and engine conversion kits. Pyropress, headquartered in Plymouth, manufactures and designs weatherproof and explosion protected switches, transmitters and valves. Both companies are leaders in their respective markets and sell their products globally.
Brian Quarendon will join as CEO to support existing management, implement the carve out and drive growth. Previously, Brian was Chief Executive of the Industrial Acoustics Company, the private equity backed provider of noise and acoustic control solutions.
Elliott Nicholson, partner at SEA Equity, said: “Pyroban and Pyropress have great potential. This is an exciting opportunity and we will look to build on their reputations for superb quality and to further strengthen their leading market positions.”
Brian Quarendon, incoming CEO, commented: “With outstanding engineering expertise, both Pyroban and Pyropress have strong brands and impressive operational capabilities. I am delighted to be working with SEA Equity and look forward to partnering with management to take advantage of the opportunities ahead.”