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Vectair Systems welcomes US investment
Vectair Systems, a leading innovator, manufacturer and supplier of aircare and hygiene products, is pleased to welcome a consortium of US investors to add to its existing shareholders, after the exit of Mobeus, a UK-based investment firm.
Since 2007 Vectair Systems has rapidly grown its Memphis-based US business and its percentage of the market share. With Vectair's flair for quality and innovation in the hygiene sector, the potential for further growth in Northern America has attracted US-based investment.
The investors are a consortium of North American investment funds led by Arcspring and Oxbow Industries. Paul Wonnacott is continuing in his role of executive chairman, with Peter Lipke recruited as the new Global CEO.
Paul Wonnacott says: "The departure of Mobeus was the perfect opportunity for a new consortium of US investors to take not only Mobeus' share, but increase its investment alongside existing management - further backing their confidence in Vectair Systems."
Peter Lipke comments: "I've spent my entire professional career in the commercial and hospitality space. Vectair's core principles of innovation, customer experience and high-quality product design are a great platform to expand our commitment to solving challenges in commercial industries. The aircare and hospitality sectors in particular offer opportunities for an increased focus on technological innovation. It's an exciting time for both myself and Vectair."
Duncan Angove, managing partner, Arcspring, says: "We have a high conviction thesis to invest at the intersection of the Industry 4.0 revolution, the green economy, and healthy buildings. Vectair has built a compelling set of innovative solutions that address this opportunity.
“We are excited to partner with the Vectair team to accelerate growth by digitising and reimagining how aircare and hygiene are delivered, managed and experienced."
With US and UK headquarters and manufacturing facilities around the world, Vectair Systems supplies over 100 countries. The company counts several blue-chip facilities management and hygiene companies amongst its clients.
17th December 2020