A Padiham-based business has announced the takeover of another company which it says will bolster its position

LCM Environmental, based in Wyre Street, Padiham, has acquired Wolverhampton-based CorroGuard Ltd, a coatings and linings service provider.

The acquisition, announced on November 5, strengthens LCM's position as a provider of energy and critical infrastructure services.

Since 1987, LCM Environmental has been supporting organisations to maintain key infrastructure and ensuring businesses are compliant.

It is known for its installation, maintenance, and future-proofing of partner systems services.

CorroGuard Ltd, founded in 2009, is a specialist coatings and linings business.

Its founder, Richard Turbutt, has more than 35 years of experience in the industry.

CorroGuard has been committed to providing 'high-quality solutions tailored to the specific needs of clients across various sectors.'

The acquisition will 'combine LCM's extensive expertise with CorroGuard's specialised capabilities.'

This partnership aims to 'drive innovation and deliver superior value to customers.'

LCM and CorroGuard will offer a range of coatings and linings services, including media blasting, glass flake and resin coatings and linings, GRP laminate systems, single and double wall lining, and various wrapping and coating systems.

Richard Wallace, chief executive of LCM, said: "We are delighted to welcome CorroGuard to the LCM family.

"CorroGuard’s strong reputation and talented team align perfectly with our vision of providing exceptional solutions to our customers.

"This acquisition will enable us to improve our service offerings, enhance our geographic reach, and further strengthen our position as a leading provider in the industry."

Richard Turbutt, director at CorroGuard, added: "We are excited to join forces with LCM.

"This partnership will allow us to combine our strengths to deliver even greater value to our customers and partners.

"We look forward to working together to achieve new heights and drive sustainable growth."