n Industries completes acquisition of market-leading industrial brake, clutch and friction materials supplier
April 4th, 2025
Whaley Bridge, United Kingdom: n Industries Group Limited (“n Industries”) – a champion of UK SME Industrial Businesses – is delighted to announce that it has acquired a majority stake in Industrial Clutch Parts Limited (“ICP”), a leading supplier of mission and safety critical industrial brakes, clutches, friction materials and couplings. Within our decentralised structure, n Industries is excited to work closely with the management team at ICP to help deliver further growth for the business going forward.
ICP is a leading specialist distributor for many major industrial brake and clutch brands including WPT, Danfoss Airflex and Goizper, complemented by an extensive portfolio of own brand products and aftermarket parts and consumables. With additional in-house manufacturing and refurbishment capabilities, ICP is a global business serving growing end markets such as Wind Energy, Process Industries, Metal Pressing, Medical and Mining. ICP is able to provide technical advice enabling customers to find the optimal brake/clutch/friction solution for their application.
The safety critical nature of their products makes ICP a strong fit with our mission to build a group of high-quality industrial businesses.
Speaking about today’s announcement, CEO Jonathan Bates-Kawachi said:
“It is a great pleasure to welcome ICP to the n Industries Group. ICP is one of the leading specialist distributors and manufacturers of brakes, clutches and friction materials globally. The safety critical nature of their products makes ICP a strong fit with our mission to build a group of high-quality industrial businesses.”
ICP’s Managing Director, Chris Holmes, commented:
“Our decision to welcome n Industries as a majority stakeholder was driven by their innovative business model, which perfectly aligns with our ethos of remaining autonomous. This deal mirrors n-industries recent investment in our sister company Friction Technology Limited and gives us the necessary capital and confidence to accelerate our growth. This is excellent news for customers and all our major supply partners who will benefit directly from our expansion initiatives.
I am particularly excited for the younger members of our team to work alongside Jonathan Bates-Kawachi and Duncan Penny, who has achieved remarkable success in growing SMEs. Their expertise and vision will be invaluable as we take this next step in our journey. Together, we are poised to build on our strong foundation and deliver enhanced value to our customers, supply partners and stakeholders.”
About n Industries: n Industries acquires majority stakes in outstanding small UK Industrial companies, that supply mission or life critical products or solutions. As the permanent owner of these businesses, n Industries typically works with existing management to develop them into even higher quality, faster growing businesses.
Companies in the group retain significant autonomy and benefit from the expertise of the team in place. We look to retain the identity of the businesses that join the group, and have management and employees share in results of the growth.
n Industries leadership includes two successful former FTSE 250 CEOs.
Paul Simmons was previously CEO of Hill & Smith, and Sector CEO of Halma’s Infrastructure and Process Safety Sectors.
Duncan Penny was CEO of XP Power. Both co-founders Paul and Duncan have a track record of delivering double-digit organic growth for established industrial businesses over the long-term from their previous roles.
Founder and CEO, Jonathan Bates-Kawachi, has a background investing in industrial businesses, and was previously a Senior Investment Manager at Pictet Asset Management.
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