Domino Printing Sciences plc announces the sale of its Fume Extraction business, Purex International Limited, to existing management.

26 March 2015
Domino Printing Sciences plc announces the sale of its Fume Extraction business, Purex International Limited, to existing management.

Nigel Bond, CEO of Domino commented: "We are pleased to announce that we have today completed the sale of Purex International Limited ('Purex') to a company owned by Andy Easey and Trefor Jones, the existing management of the worldwide Purex business.

“Purex provides fume extraction solutions to meet applications in a number of industries, one of which is the coding and marking business of the Domino Group.  Following a strategic review of options, the Domino Board decided that Purex would be better placed to drive expansion in its chosen markets as a business that was independent of the Group.  We have no plans to expand the Group’s business into broader extraction or purification applications and disposal of the company will allow us to focus on developing opportunities in coding, marking and digital printing.
 
“A range of options was considered but the management proposal to acquire the company was the most compelling and offered Domino the best solution.  As a part of the transaction, Domino has entered into a supply contract with Purex which will continue to supply the Group with DPX products, spares and consumables, allowing a seamless transition with no interruption to the Group’s customers.
 
“Purex International Limited has been a part of the Domino Group since 2004 and has played a key role in supporting the development of our laser business.  We are appreciative of the support the Group has received from the whole Purex team and wish Andy, Trefor and all staff at Purex every success in the future”.
 
Trefor Jones, the new Managing Director of Purex International added:
 
“Purex has enjoyed being a part of the Domino Group over a number of years and in that time has developed an enviable reputation, not only for providing fume extraction solutions to the coding and marking industry but also as a key partner across a range of industrial applications.
 
“We are excited by the opportunity to focus the business on developing new markets and applications and our plans include further investment in new products."
 
For more information please contact purex@purex.co.uk
 

IMAGE LINK: www.purex.co.uk/userfiles/image/news/andy-easey-right-trefor-jones-left.jpg