During Rockpool’s investment period, Hydralectric grew substantially as a result of both organic growth and two bolt-on acquisitions. Organic growth was driven by new product development, investment in manufacturing capabilities, and the deepening of relationships with new and existing blue chip customers. The acquisitions of Compraelec in France and Eki in Slovenia provided the group with additional expertise and a presence in mainland Europe.
The group has been acquired by Hydraflex, a market leading specialist in the flexible hose market undertaking a buy-and-build across plumbing, metal and industrial hoses. Hydralectric will form a significant and strategically important part of the group.
Simon Collins and Toby Hurdle led the exit for Rockpool.