Ian Appleton completed a MBO in 2006 and is now an innovator and entrepreneur in natural, synthetic, and mineral waxes, industrial process oils, and derivatives with over 30 years of experience in the Oil and Wax industry. Under his leadership, Kerax’s turnover has increased tenfold to £40,000,000 per annum, and their workforce has grown to 80 employees. Over the next three to five years, the company’s growth is expected to rise by 50%, both organically in the UK and internationally, and from acquisitions, with Ian Appleton at the helm.
Kerax is a leading provider of wax products used in personal care and cosmetics, pharmaceuticals, packaging, fabrics, candles, and more. With their focus on research and development, Kerax provides customers with flexible, tailor-made solutions, setting them apart from large, corporate competitors. They have also distinguished themselves by being able to deliver globally and enabling customers to return ‘spent’ and unused products. The company further aims to create growth through the acquisition of The Recycled Candle Company, which is expected to generate additional revenue, particularly from the food and hospitality sectors, by diverting many thousands of candles from landfills back to circularity. This will reduce the burden on waste streams and needlessly discarded usable material.
Kerax has worked in partnership with processors of post-consumer plastic waste for the past 15 years, allowing them to create Plaswax, a new synthetic wax derived from plastic waste. This new raw material for wax has many industrial applications and is another example of Kerax’s innovative approach to product development.
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Kerax’s Success in Exporting Recognized on E2E International 100 List
- 25 May 2023
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Jack Wilson is an experienced finance writer and analyst with a deep understanding of the global economy, stock market, and personal finance. He holds an MBA in Finance and has worked in the industry for over 12 years. Jack's insights and commentary have been featured in various financial publications. In his spare time, he enjoys investing and following the latest market trends.
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