Hayward Tyler acquires Slack & Parr assets from administration

Avingtrans plc’s Hayward Tyler Fluid Handling Limited has acquired certain assets of the UK’s Slack & Parr Limited from administration, together with the company’s subsidiaries in the USA and Asia for a total consideration of £4.9 million.

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Slack & Parr is a family-owned manufacturer of specialist pumps and a supplier of high-precision gear metering pumps, hydraulics flow dividers and industrial pumps to customers around the world. Founded in 1917, Slack & Parr operates from a 64,000 sq ft state-of-the-art manufacturing facility in Kegworth, Derbyshire, UK. The business also has facilities in Charlotte, North Carolina, USA and Shanghai, China. The acquisition has secured the employment of 100 skilled employees.

Slack & Parr entered into administration on 3 July 2023, following ongoing losses and funding issues.

“We are pleased to have completed this acquisition, which brings another globally-respected, British heritage brand under the direction of the Avingtrans team,” said Austen Adams, divisional managing director at Avingtrans. “The sorts of challenges this business has faced are familiar to us and we are experienced in resolving them, having successfully turned around other businesses under similar circumstances. Slack & Parr’s global footprint, combined with its well-invested operational capability, powerful brand, highly skilled workforce and large installed base provide a great opportunity to re-establish the business on a firm footing going forward.”

Edward Barrington, managing director of Slack & 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.”