n Industries Group has acquired a majority stake in Industrial Clutch Parts (ICP), a Derbyshire-based supplier of mission and safety critical industrial brakes, clutches, friction materials and couplings.
ICP is a specialist distributor for many major industrial brake and clutch brands including WPT, Danfoss Airflex and Goizper, complemented by a portfolio of own brand products and aftermarket parts and consumables.
With additional in-house manufacturing and refurbishment capabilities, ICP is a global business serving growing end markets such as wind energy, process industries, metal pressing, medical and mining.
n Industries Group CEO, Jonathan Bates-Kawachi said: “It is a great pleasure to welcome ICP to the n Industries Group. ICP is one of the leading specialist distributors and manufacturers of brakes, clutches and friction materials globally. The safety critical nature of their products makes ICP a strong fit with our mission to build a group of high-quality industrial businesses.”
ICP’s Managing Director, Chris Holmes, said: “Our decision to welcome n Industries as a majority stakeholder was driven by their innovative business model, which perfectly aligns with our ethos of remaining autonomous.
“This deal mirrors n-industries recent investment in our sister company Friction Technology Limited and gives us the necessary capital and confidence to accelerate our growth. This is excellent news for customers and all our major supply partners who will benefit directly from our expansion initiatives.
“I am particularly excited for the younger members of our team to work alongside Jonathan Bates-Kawachi and Duncan Penny, who has achieved remarkable success in growing SMEs. Their expertise and vision will be invaluable as we take this next step in our journey. Together, we are poised to build on our strong foundation and deliver enhanced value to our customers, supply partners and stakeholders.”
