New Hydralectric

Hydralectric provide high performance valves and Flexible hoses used in products such as showers, boilers and coffee vending machines.  Redcliffe Valves plans to acquire Hydralectric and to drive growth through an innovative electrically controlled valve design.

Hydralectric brings revenues of £7m and a stable customer base of around 450 equipment manufacturers and distributors. Group revenues are forecast to grow by an average of 12% per annum over the next four years, with EBITDA profits rising to £1.6m in 2020.