Acquisition: REMA TIP TOP strengthens its position in the UK automotive market

Poing near Munich, February 13, 2023. REMA TIP TOP AG acquires Abracs Ltd., a leading brand in the UK market for abrasive and power tool accessories. With the acquisition REMA TIP TOP will bring a wide range of new products to existing automotive customers as well as opening up new markets in the UK and beyond.

Founded in 1989, Abracs is a UK-based company specialising in the manufacture and distribution of branded abrasive, cutting and drilling products - especially grinders, blades and wire brushes for automotive applications. Abracs supplies to domestic and international markets via industrial and construction resale channels. With the acquisition in 2023, Abracs will become part of REMA TIP TOP's Automotive division.

‘We are thrilled to see Abracs join us and look forward to the opportunities and benefits this will bring to both companies,” says Mark Insley, Group CEO at REMA TIP TOP. “The acquisition of Abracs further strengthens our position within the UK market as we continue to deliver excellent service and support to our existing markets and customers, as well as explore new opportunities and markets working with the Abracs team.”

The REMA TIP TOP Group already operates a number of sites in the UK and Ireland. The acquisition of Abracs adds another site to further drive the market development and growth in the UK. “Abracs and its subsidiaries have enjoyed significant growth levels and success over the last few years and I’m looking forward to continuing this with REMA TIP TOP,” Rob Jeffery, Group Managing Director at Abracs, comments on the acquisition.

Existing and new customers of REMA TIP TOP and Abracs will benefit significantly from the product and service synergies between the two companies.

Further information on the company:
Abracs Ltd.,