Business

AB Pneumatics buys out one of its suppliers

New owners Jonny Boomer and Peter Blair with Alderman William Leathem, chairman of the council's development committee, engineering manager Steven Boal and Trevor Lamont from Danske Bank
New owners Jonny Boomer and Peter Blair with Alderman William Leathem, chairman of the council's development committee, engineering manager Steven Boal and Trevor Lamont from Danske Bank New owners Jonny Boomer and Peter Blair with Alderman William Leathem, chairman of the council's development committee, engineering manager Steven Boal and Trevor Lamont from Danske Bank

MOIRA-based business AB Pneumatics has acquired one of its leading suppliers, Plastics 2000 in Lisburn, after it went on the market.

AB Pneumatics is the UK and Ireland's only producer of Seat Airsprings and sells other vibration control products such as shock-absorber sleeves and Donut Rubber Springs.

Plastics 2000, founded in 1993, provides injection moulded components of the highest quality to the food, electronics, construction, medical components and automotive sectors.

Peter Blair, co-owner of Plastics 2000 and AB Pneumatics with Jonny Boomer, said: “AB Pneumatics has bought quality products from Plastics 2000 for several years. These components enhance the high quality of our seat air springs; and we didn’t want to risk losing this quality, so Jonny and I made a joint business decision to make an offer to buy this company from Victor Livingston.

"We are grateful to Danske Bank for working with us on this business deal and we have expansion plans under way to grow this local business further.”

Alderman William Leathem, chairman of Lisburn & Castlereagh City Council's development committee, said: "Peter and Jonny have again shown their true entrepreneurial spirit by ensuring they continue to receive quality products from Plastics 2000 by buying the business.

"In a short space of time they have worked with the staff of Plastics 2000 to increase productivity through simple working pattern changes. This is great news for this local plastic fabrication company and demonstrates Peter and Jonny’s commitment to their employees and the future growth of the company."