Flexiteek to acquire U.K. competitor

Flexiteek International, which manufactures synthetic teak decking, said it has reached an agreement to acquire Wilks. Based in Essex, U.K., Wilks manufactures Dek-King synthetic teak and marine fenders. Terms of the deal were not disclosed.

“The acquisition of Wilks will provide a high-quality manufacturing base with research and

development facilities,” Tomas Gustafsson, CEO of Flexiteek International AB, said in a statement. “We aim to incorporate the existing Dek-King network into our own; the Wilks marine fendering range can now also be supplied through our existing distributors worldwide.”

“Going forward we will continue to focus on PVC extrusion and further developing the

marine fendering range,” said Chris Berry, joint managing director of Wilks in the statement. “Nothing fundamentally will change.”

Flexiteek said it will retain Wilks’ manufacturing facilities and all employees. The company has a network of more than 100 distributors across 40 countries.