Icon boss marks out strategy after second buy: following a second major acquisition, Icon boss Richard Gogerty explains the strategy of the UK group, which aims to rapidy emerge as a major supplier of specialist rubber products worldwide. (Rubber news).(Icon Group buys Northern Rubber Co. Ltd.)(Brief Article)

From: European Rubber Journal | Date: November 1, 2001| Author: Raleigh, Patrick | Copyright information

Icon Group has acquired automotive and industrial parts maker Northern Rubber Co. Ltd of Retford, Nottinghamshire, from Tomkins plc. The acquired firm will now serve as Icon's main base, said managing director Richard Gogerty, who set up the rubber group in 1999 with a target of achieving sales of 50-60 million [pounds sterling] ($70-85 million) by 2005.

The second acquisition for Icon, which last year acquired William Warne of Barking, takes the fledgling group's turnov...

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