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Flowtech Fluidpower Plc

Flowtech Fluidpower Plc

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Flowtech Fluidpower plc (LON:FLO) is the UK’s leading distributor of technical fluid power products and has an international footprint with offices in the UK, Benelux and ROI with a buying, QC and logistics office in China

Flowtech Fluidpower plc, founded as Flowtech in 1983, is the UK’s leading specialist supplier of technical fluid power products with modern distribution facilities in the UK, ROI and Benelux. It offers an unrivalled range of Original Equipment Manufacturer (OEM) and Exclusive Brand products to over 3,600 distributors, resellers and end users. Its catalogue is recognised as the definitive source for fluid power products, containing over 52,000 individual product lines and is distributed to more than 85,000 industrial Maintenance, Repair and Overhaul end users (MRO). Over 80% of product is stocked and ordered by 10pm, can be delivered next-day in the UK, providing ‘best in industry’ service offering.

The Group’s headquarters and main distribution centre is in Skelmersdale, Lancashire with further distribution centres in the ROI, Netherlands and China and an assembly operation in Merseyside; in total, the business employs 270 people.

Today, the business is focused on its core distribution offering in three categories:

  • Pneumatics (products that enable the use of gases to provide mechanical motion)
  • Hydraulics (products that enable the use of fluids to provide mechanical motion)
  • Industrial hose (products and accessories that act as conduits for gases and liquids)

Flowtech sales splitFlowtech Division Split

Flowtech operates sales and distribution offices in the UK, ROI and Benelux with a buying, quality control and logistics optimisation office in China. 73% of revenues flow from the original UK Flowtechnology division and 8% from Benelux distribution office. 19% of revenue is from the newly formed Power Motion Control division servicing the hydraulic component sector.

 

Key milestones

  • 1983: the business was established and became a major force in the sector
  • 2004: MBO supported by Gresham Private Equity
  • 2007: expanded into Benelux
  • 2009-2011: divested in certain parts of the business by restructured management team who have built the business after recessionary impact
  • 2012: established Chinese presence and rebranded the operations under ‘Flowtechnology’
  • 2014: as part of future strategy, further divestments were completed. Flowtech Fluidpower plc was formed in May, and listed on AIM market on the London Stock Exchange. In August, Primary Fluid Holdings joined the Flowtech Group of business and continues to run under its own brand and structure led by its management team.
  • 2015: the addition of Albroco and Nelson Hydraulics which strengthens our offering in the hydraulics market

The business enjoys a diverse customer base

The Flowtechnology divisions are not overly exposed to any one customer and offers an unrivalled range of Original Equipment Manufacturer (OEM) and Own Brand products to c.3,000 distributors and resellers via a fully integrated bespoke online trading platform and IT system.

The industry’s leading catalogue

The Flowtechnology catalogue is recognised as the definitive source for fluid power products, containing more than 52,000 individual product lines, and is distributed to more than 85,000 industrial Maintenance, Repair and Overhaul end users (MRO).  Over 80% of product is stocked and ordered by 10pm, can be delivered next-day in the UK, providing ‘best in industry’ service offering.


Flowtech Fluidpower Plc Board Members

Sean Fennon - Chief Executive Officer
Bryce Brooks - Chief Financial Officer

Company website for Flowtech Fluidpower Plc

http://www.flowtechfluidpower.com/