NEWARK, England—Munich-based Serafin Group has purchased two Newark rubber companies, Charles Lawrence International Ltd. and Playtop Licensing Ltd.
Charles Lawrence International recycles end-of-life commercial vehicle tires to produce rubber and steel products.
It supplies tire rubber granulate, colored EPDM rubber granulate and polyurethane binders to sports and playground surface installers in the United Kingdom. Its engineering division builds machinery for the installation and maintenance of sports and play surfaces.
Playtop Licensing is owner and brand custodian of Playtop, which produces impact absorbing playground surfacing.
Developed by the Charles Lawrence Group, Playtop was first installed in the United Kingdom in 1977.
With the sale, company founder Charles Lawrence said he now can retire "with confidence that this transaction will be a good one for employees and customers alike."