Finnish buyout for Bradford family business

Finnish buyout for Bradford family business

Bradford-based Enviro Wipes, which supplies recyclable industrial wipes, has been sold to Finnish multinational textile service group Lindström.

The firm has been acquired for an undisclosed sum, in a deal designed to encourage further growth.

Founded in 1992, Enviro Wipes provides, collects, launders and delivers multi-use cotton wipes across the UK and Ireland.

It also sells a range of soap, gloves, protective creams and storage bins, and boasts a turnover of £3.1m according to results from the last financial year, as well as 1,500 customers.

Eviro Wipes’ operations will remain unchanged following the sale, with all the about 40 staff being retained by the new owner. Directors George Parker, Alan Green and Phil Walker, who, with their wives, previously owned the company, will exit the business, with finance director Mr Walker remaining in post during the next few months to help with the transition.

Mr. Parker said: "Our company remains successful, but we’ve now reached a stage in its growth when we need to make significant changes, to ensure it has the best possible future. 

"In Lindström, we’re confident we’ve found the ideal buyer. They’re a large, very successful, family-owned company, which is a leading player in the European textile rental market.

"The organisation has very high standards in areas such as safety, hygiene and sustainability and an outstanding reputation for delivering customer satisfaction.

"We have every confidence in the new owners and firmly believe they’ll provide our employees with security, opportunities to take on more responsibility, and chances to develop their careers for years to come. As they implement their plans to develop the business at an accelerated rate, we believe they’ll expand the workforce too."

The acquisition represents the entry into the UK textile wiper services market by Lindström, which is already active in this sector in Finland and the Baltic states.

Lindström’s other British site, in Bedford, opened in 2001, where about 35 people work, and will not overlap with the Bradford operation.

Over 25,000 people in the UK now wear Lindström workwear, produced at the Bedford site, daily.

Soresh Meeda, managing director, Lindström UK, said: "Joining forces with Enviro Wipes provides a great opportunity for us to start with a totally new service in the market. Our new partner has a solid foundation, great products and fantastic customers, including in the printing and packaging, automotive, manufacturing and maintenance sectors.

"Enviro Wipes offers customers many benefits, including employee protection, waste footprint minimisation - through reduced use of disposable wipers - time and money savings, and the ability to focus on core operations."