# Steuler Group to acquire 75% of British Ancorite Holdings

On February 16, 2023, Steuler Group signed a contract to acquire around 75% of British Ancorite Holdings Ltd. and its subsidiaries in three steps by 2024. Ancorite, based near Manchester, specializes in floor coatings, brick linings and GRP piping, with annual sales of £10-15 million.

- Type: Acquisition
- Announced: 2023-02-16
- Where: near Manchester, United Kingdom
- Status: announced
- Products: floor coatings, brick linings, GRP piping
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Steuler Group](https://endata.com/companies/68702.md) (acquirer)
- [Ancorite Holdings](https://endata.com/companies/68703.md) (target)
- [Ancorite Surface Protection](https://endata.com/companies/69045.md) (target)

## Sources

- [au.linings.steuler.de](https://au.linings.steuler.de/media/news/article/steuler-erwirbt-die-britische-ancorite.html), 2023-02-22: "With this acquisition, Steuler gains access to the market in Great Britain and Ireland, which has hardly been supplied up to now."
- [myerson.co.uk](https://www.myerson.co.uk/news-insights-and-events/myersons-client-steuler-group-acquire-british-ancorite-surface-protection), 2023-03-09: "The acquisition of Ancorite is a strategic move for the Steuler Group, who are excited to expand their presence in the UK and Irish market"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.