COBA INTERNATIONAL has expanded its business portfolio yet again following the recent acquisition of Copely Developments Ltd based at Thurmaston Lane, Leicester.
Since its formation in 1973, Copely Developments has become a frontrunner in the design and manufacture of thermo-plastic tube, hose and strip products under the ownership of Chairman, Clifford Cooper and Managing Director, Brian Copely.
Under the COBA International umbrella, Copely Developments sits neatly beside COBAs established plastic extrusion manufacturing businesses located in the UK, Slovakia and South Africa, and is poised for significant change and growth in what will mark an exciting new era for the company and its 70|PLUS| employees.
The move to sell the business follows the decision by both partners to retire and their subsequent approach to COBA International, a company with whom Copely Developments had enjoyed a close association for many years.
Speaking of his decision to sell the company, Brian Copely comments:
“We felt the time was right to step down from the business and we have every confidence that Copely Developments is in the safest of hands under the directorship of COBA International, who can now steer the company to greater things in the future to realise its full potential.”
Copely Developments enjoys global recognition for its pioneering development and innovation. These strengths have over the years provided a platform for strong partnerships working with customers both in the UK and overseas, culminating in the development of many niche products, such as the design and manufacture of medical gas hose and tubing, for which Copely is the market leader.
Products are also supplied to customers in the fields of automotive, aviation, agriculture, building and construction, medical, fire protection, drink vending water, as well as general industrial and energy conservation.
Commenting on this latest acquisition, COBA Internationals Managing Director, Mark Cooke says:
“Copely Developments Ltd represents yet another massive opportunity for the COBA International group of companies and we are looking forward to making significant changes to the business in the short term which we hope will be well received by the company long standing and loyal client base.
The COBA recipe for success has been based on a combination of excellent employee team working, innovative product development and ongoing investment in new technology. It is our intention to cascade these principles through to Copely Developments which should see the business go from strength to strength in the coming years.”
The COBA Group now increases its employee numbers to just under 400 with a turnover in excess of £30m, and remains open to other business opportunities that may arise in the near future.
The acquisition officially came into effect on 31 December 2009 in a transaction overseen by Leicester based solicitors Harvey Ingram.