Avingtrans acquires Slack and Parr

Avingtrans PLC is pleased to announce that its subsidiary Hayward Tyler Fluid Handling Limited has completed the acquisition of certain assets of Slack & Parr from administration, together with Slack and Parr’s overseas subsidiaries in the USA and Asia.

Slack & Parr is a family-owned manufacturer of specialist pumps and a market leading supplier of high-precision gear metering pumps, hydraulics flow dividers and industrial pumps to customers around the world. Founded in 1917, it enjoyed a strong track record supporting global blue-chip OEMs and end users, with a large installed base, supported by service facilities in the USA and Asia. It entered administration on 3 July 2023 after £12m annual sales resulted in the company trading at a loss.

The acquisition is expected to strengthen Slack and Parr’s market presence, improving operational efficiency and reinforcing its position as a leading force in the gear pump market, embracing innovation and delivering world-class products and services.

Austen Adams, Divisional Managing Director at Avingtrans, said: We are pleased to have completed this acquisition, which brings another globally-respected, British heritage brand under the direction of the Avingtrans team.

“The sorts of challenges this business has faced are familiar to us and we are experienced resolving them, having successfully turned around other businesses under similar circumstances.

“Slack and Parr’s global footprint, combined with its well-invested operational capability, powerful brand, highly-skilled workforce and large installed base provide a great base for reestablishing the business on a firmer footing going forward.”

Slack & Parr operates from a 64,000 sq ft state-of-the-art manufacturing facility in Kegworth, Derbyshire. The company also has facilities in Charlotte, North Carolina and Shanghai, China. The acquisition has secured the employment of 100 skilled employees.

Edward Barrington, Managing Director of Slack and Parr, added: ‘We are delighted to be part of Avingtrans and eagerly anticipate the opportunities this partnership will unlock for the business. Together, we are confident we can build on our heritage of precision engineering and continue to provide our clients with the quality and reliability they have come to expect from us."