Flowtech Fluidpower 2015 Annual Report
We ensure we are a dynamic business for our customers by continually developing our offering, from sourcing to distribution of products, to our bespoke design, manufacture and partnering services. The models of our two divisions support our strategy of achieving a focused fluid power group. They are supported by our Group central services and our key enablers.
As the leading distributor of technical fluid power products, Flowtechnology offers an unrivalled range of OEM and Exclusive Brand products in the UK and Northern Europe.
Team based in the Far East
Circa 850 suppliers
Knowledge of customers' product needs
Access to over half a million products
Always maintaining appropriate stock levels
Innovative marketing programme
Established catalogue distributed to more than 85,000 end users
Modern distribution centres in UK, ROI, Netherlands and China
'Best in industry' service offering
Bespoke branding and marketing offering
Technical support and training
Design and assembly
Alongside distribution of Flowtechnology-sourced components and products, PMC delivers bespoke solutions and complete systems for customers in a number of industries.
We acquire established, specialist businesses that extend our Group capability, but we believe in maintaining their heritage, individuality and specialism. Ensuring consistency for their customers is important to us, so we simply improve these businesses with our Group central services.
Based at the UK headquarters in Skelmersdale, Lancashire, the Service Centre team covers the disciplines of finance, human resources, marketing, design and IT for the Group. As Group IT systems and working practices are introduced into new acquisitions with standardised methods of working, we are certain growth can be successfully supported by the existing small team.
During the year the Group has continued to develop its skill base in all aspects necessary for a successful acquisition programme. Sean Fennon and Bryce Brooks are responsible for target identification and lead negotiation, supported by Chris Kershaw who has previously worked in a series of M&A roles, including Group M&A Director at Spice plc. During the due diligence process Bryce and Chris are supported by professionals from the following organisations:
The immediate post integration team is now led by internal appointments in Business Process and IT, and Financial Control, with follow on work undertaken in Corporate Governance, Risk Management and Business Continuity Planning. This entire process is structured under a '100 Day' project management philosophy led by the CFO.
Acquisitions team pictures left to right:Anne Fogg, Business Process ManagerChris Kershaw, M&A ConsultantJon Burke, Group Financial ControllerBryce Brooks, Chief Financial OfficerHelen Barratt, Head of Corporate Governance
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