C&T Matrix acquires Clear Group, Spain
C&T Matrix has a large network of more than 130 distributors in 70 countries around the world. One of the company’s key strategies is to become closer to its end customers through investment with distributors as well as the extension of its manufacturing capabilities.
In addition to a comprehensive portfolio, Clear Group also enjoys distribution arrangements with strategic industry suppliers such as Bohler and Koskisen.
The investment by C&T Matrix will bring significant benefits to both parties. C&T gains long-term distribution security in Southern Europe and from access to Clear Group’s range of products. Clear can take advantage of C&T’s global manufacturing experience, its distribution scale and strong financial backing.
Simon Shenton, managing director of C&T Matrix commented: “C&T and Clear have enjoyed a long and successful relationship and further cooperation was inevitable, given the calibre of people and products within the Clear organisation. I am thrilled that Clear Group is joining the C&T Matrix family – this partnership is a perfect strategic fit for both businesses. Most importantly, our customers will see real benefits in terms of product diversity, customer service and technical support. The products developed and manufactured by Clear are of cutting-edge quality and will be made available throughout the C&T Group”.
Juan Carlos Montesinos, chief executive of Clear Group said: “C&T is a natural partner for Clear Group and together we will achieve great things. We will be able to offer more technical and consultancy services to our customers, thanks to the additional resources and experience gained from within the C&T Group and its worldwide distribution network. Furthermore, the additional financial resources available will ensure that investment in R&D remains at the forefront of our strategy as we seek to offer new and innovative products.”