The business specialises in the design and manufacture of hydraulic and pneumatic stainless steel directional control valves and accessories for hazardous, corrosive and subsea environments.
Bifold is a leading designer, manufacturer and distributor of instrument valves and pumps to the oil and gas sector.
In April 2012, LDC completed the investment into a tertiary management buyout of Bifold Group. The Bifold management team, retained the majority of stake in the business.
The decision to bring a new investor on board was driven by the management team’s desire to identify a new partner to support its future growth. The management team selected LDC as their chosen partner.
In April 2013, Bifold won the 'Mid-Market Management Team of the Year' award at the regional BVCA Management Team awards in the North West.
In 2014, Bifold moved into new ‘state-of-the-art’ 30,000 sq ft manufacturing facilities in Oldham, Greater Manchester, to increase capacity and its technical capabilities. It also completed the acquisition of Orange Instruments, which offers the business access to a range of specialist control system products. For the financial year ending 31 August 2014, Bifold recorded revenues of £41m.
In August 2015 LDC exited its investment in Bifold Group to Rotork plc (MAIN: ROR. Rotork plc is a FTSE 250 company and is the market leading actuator manufacturer and flow control company. The business, which recorded revenues approaching £600m for its last financial period, has made a number of international acquisitions in recent years.
Through our partnership with LDC, we have built a business that can compete globally with the best in the market. We now look forward to a new era for Bifold, as part of Rotork, as we strive to further push the boundaries of British engineering in the oil and gas sector. Gary Jacobson, CEO of Bifold