Operating from two sites between Airdrie, Scotland, and North East England, PCS also manages around 70 industrial vending machines for its customers, with sales of £8m in the last twelve months, following continued strong growth.
The acquisition provides Rubix UK with the opportunity to consolidate Rubix’s leadership in the UK specialist cutting tools market – a key growth area for the UK business – following the acquisition of Matrix Tooling Services in 2018.
PCS also brings a new speciality to Rubix – special tools manufacturing and tool regrinding services. In addition, the acquisition will further strengthen Rubix’s expertise and experience in the UK Oil & Gas and Aerospace sectors.
PCS will continue to operate independently to Brammer Buck & Hickman and alongside Matrix Tooling Services. Andy Jeffrey will continue in his role as Managing Director of PCS and will report to Nigel Banks, Rubix UK MD Services Division.
Mark Dixon, CEO Rubix UK said: “This acquisition supports our ambition to be recognised as a preferred supplier with the technical expertise and network in place to provide a multi-specialist range of products, services and solutions. It is further evidence of our status as the consolidator of choice for the industrial distribution market in Europe.”
“I am pleased to welcome the PCS team, customers and suppliers into the Rubix family and further reinforce our position as a leader in the UK cutting tools market, by not only expanding our product offering to customers, but also providing strength in depth in both our technical expertise and services.”
Andy Jeffrey, Managing Director, PCS said: “I am excited at this next step for PCS as a company; Rubix perfectly complements and enhances the culture, value and customer understanding of our business. Together with Rubix, and Matrix Tooling Services, we are looking forward to the growth and development of PCS. Our regional and industry footprint perfectly complements that of Matrix Tooling Services and also means we will be able to jointly leverage the scale of Rubix and extend our offering across the UK.”
Nigel Banks, Rubix UK MD Services Division said: “We are delighted to welcome the PCS Team to Rubix UK and would like to express our deepest gratitude to Peter and Helen Campbell as they use this as an opportunity to retire from the business fully. They have built a strong and successful business that we at Rubix UK are now looking forward to develop further as part of our Cutting & Machining specialist division.”