The CEO of Unitech Industries has vowed that the company will turn its attention to driving efficiencies within its existing group subsidiaries rather than actively looking to buy up new businesses.
Unitech has acquired companies such as Scomac, Welequip and Stellex over the last few years, creating a group with manufacturing, design and distribution capabilities that now makes sales of £35m a year.
But after Thurrock-based Valera recently became its latest quarry, CEO Nick Imlah said that for the immediate future it wanted to focus on getting things right internally rather than pursuing a targeted acquisition strategy.
He told Catering Insight: “If I am honest I think we need to have a couple of years of consolidation within the business. We need to consolidate what we have and strengthen the business where we need to strengthen it.”
With regards to the Valera deal, Imlah said that Unitech had concluded it “in the face of strong competition from other interested parties”, regarding it as an ideal chance to strengthen its distribution activities.
He said it would dovetail well with existing distribution business Corsair. “Corsair Engineering was Unitech Industries’ first investment in a distributor-focused company and manufactures a broad range of kitchen fabrications and hot food trolleys and has now developed into a prominent turn-key supplier of kitchen extract and ventilation systems to the distributor market,” said Imlah.
Read the full interview with Nick Imlah here.