SATEBA Group sells Stanton Precast to TRACEY Concrete Limited
SATEBA Group, French and European leader in sustainable railway infrastructure, owned by Towerbrook Capital Partners, announces the sale of its UK drainage business, which is part of its UK subsidiary Stanton Precast. The buyer, TRACEY Concrete Limited, is a major player in UK and Irish precast concrete drainage products, having started out in 1979.
Stanton’s drainage activity, which was not a core business for the SATEBA Group, will have an opportunity to strengthen its position in the British market under the ownership of TRACEY Concrete Ltd.
SATEBA retains its other British activities, in the fields of infrastructure and rail. SATEBA retains a full UK management team and presence at the Stanton Works site and remains committed to its remaining British workforce. SATEBA will continue to support them in the efforts to grow the remaining UK business units.
After this operation, SATEBA Intends to pursue its internal and external expansion to contribute to the decarbonization of rail. “Our vision encompasses opportunities around the world to continue to advance rail infrastructure. Our commitment to innovation and excellence for the reduction of carbon emissions from rail know no borders” said Benoit Cattin-Martel, CEO of SATEBA Group.
SATEBA (more than 250 million euros in annual turnover, nearly 1,000 employees and industrial sites in nine countries) is the French and European leader in the design and manufacture of concrete and railway sleepers and more broadly of infrastructure for rail, one of the most low-carbon modes of transport. Working in close collaboration with its customers, specifiers, and suppliers, SATEBA is committed to a more responsible economy by providing sustainable infrastructure solutions that are part of the circular economy. SATEBA is owned by the (unlisted) private investment fund, TowerBrook Capital Partners, the first to have benefited from BCorp certification, the benchmark of “sustainability”.