In April 2023, STAR acquired ABL Technic (“ABL”), a leading global provider of de-coating services to the industrial and manufacturing sectors, from funds managed by Vision Capital and Rubicon Partners. STAR became the majority shareholder and invested alongside the management team.
Founded in 1987, ABL de-coats a wide range of products using thermal and chemical techniques as part of regular equipment maintenance, or to allow re-work of reject production. The company serves over 7,000 customers internationally and benefits from a leading market position with c. 30% market share in Europe.
Sustainability and the circular economy are at the heart of ABL’s proposition. The business recycles parts back into production for its clients and seeks to reduce waste and energy use for its customers and in its own sites and processes.
In this transaction, STAR’s aim is to support the continued growth of the business both organically and through acquisitions, executing a buy and build strategy amongst a tail of small competitors.
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