NVM have demonstrated their faith in Interlube, through some very difficult economic times. It has been a pleasure working with them to build the business.
Interlube Systems is a world leader in lubrication solutions for commercial vehicles, cranes, quarries and heavy-duty production lines.
With NVM’s help, Mike Cusack (Managing Director) and his team decided to buy-out from it’s owner, Invensys plc, in 2000. Since then, the business has used NVM’s funding to invest heavily in R & D to develop new products in high tech manufacturing and assembly capability. Interlube’s products are helping customers to extend up-time and reduce maintenance costs globally.
The business has successfully increased its market share by making strategic acquisitions and using long-established distributor networks. An experienced sales force has created a more focused approach to markets.
After many years of building the business, the obvious next step in Interlube’s growth strategy was to become part of a larger organisation. In 2013, Interlube was sold to a subsidiary of The Timken Company, a US based business that has been steadily adding to its portfolio of companies. It considers Interlube as highly compatible to its core product lines and power transmissions acquisitions. The partnership will allow Interlube to continue to flourish as part of a larger organisation and expand into new markets.
Interlube has performed well in some challenging markets, so this is a very positive story for the British manufacturing industry