Rubix UK acquires metalcutting tools business

The company also manages around 70 industrial vending machines for its customers, with sales of £8 million in the last 12 months following continued strong growth.

The acquisition provides Rubix UK with the opportunity to consolidate its position in the UK specialist cutting tools market – a key growth area – 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 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 managing director of its services division.

Mark Dixon, CEO of 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.”

Rubix UK www.rubix-group.com