WALLSEND, England—Barrier Group has acquired a 49-percent stake in Aquaseal Rubber, a maker of rubber coatings, tubes for road-cleaning equipment and fenders for remotely operated vehicles.
Barrier, based in Wallsend, said it bought the North East UK-based rubber product manufacturing company.
The Wallsend-based firm bought the interest in Tyneside's Aquaseal Rubber with the aim of helping to expand the business' presence into new markets.
Aquaseal Rubber, which is based in Longbenton, England, is a family business run by Managing Director Jason Armstrong and his father, Eddie Armstrong. The company primarily manufactures rubber coatings, tubes for road cleaning equipment and fenders for remotely operated vehicles.
The acquisition of a stake in Aquaseal Rubber comes as part of a broader move by Barrier to expand the business and move into new markets. Existing customers of Barrier will also benefit from the additional range of services provided by the acquisition, the company added.