Epiris has acquired LoneStar Group, a manufacturer and supplier of high-performance fasteners, sealing products, and precision-engineered components. This major investment is a recognition of the tremendous growth opportunities the company has as it continues to capitalise on its market-leading position and expand its worldwide footprint.
With the backing of Epiris, LoneStar is well-positioned for global expansion, providing its wealth of globally recognised blue-chip customers with essential components from manufacturing and distribution sites in the UK, USA, and the Middle East. The acquisition comes at a crucial time, as the demand for LoneStar’s precision-engineered components from the traditional, and emerging renewable, energy sectors continue to grow.
Peter Williamson has joined as non-executive Chairman. Peter has significant experience in chairing successful private equity-financed manufacturing and engineering businesses.
Richard Pickles has been appointed as the new Group CEO, bringing a wealth of experience and a proven track record in international industrial manufacturing and distribution businesses, and in business development in new geographical, industrial, and product markets. His focus will be on building upon the existing strength of the LoneStar Group brands by driving growth in its core business and in new markets.
