Anderson Group acquires Manchester vehicle body building specialist

Thu, 01 Jun 2017 | BUSINESS SALE

A vehicle body building company in the Greater Manchester area has been bought by the Anderson Group for an undisclosed sum.

Alloy Bodies Ltd, which employs 125 staff, Is one of the UK’s largest body unit producers. Last years accounts show the business generated £12.9m in revenues in the 2016 year to October and pre-tax profits of £2.43m.

Irvine Anderson, chairman of The Anderson Group, commented: “Alloy Bodies is a major UK manufacturer in the commercial vehicle sector and I am delighted that we have added this valuable and exciting company to our group.

“Through our commercial vehicle franchises and haulage companies, we already work with many fleet, contract hire, and rental companies, making Alloy Bodies a perfect fit for The Anderson Group.”

Following the deal, Alloy Bodies will operate under the Anderson Group umbrella as a standalone business with a similar structure as before with the addition of Anderson Group chief executive Tim Ward taking overall responsibility.

The Alloy Bodies deal, which was supported by HSBC, was brought to The Anderson Group by its newly appointed chief executive, Tim Ward, who will now work to find other potential acquisition targets.

Lanarkshire-based Anderson, is a family-owned group which started out as a haulage business and has since expanded to include commercial vehicle sales and rental and property rental. Their most recent accounts record revenues of £241.9m.

Find businesses for sale here
Subscribe to Business Sale Report here


Share this article



Latest Businesses for Sale

Provider of Home Care
Yorkshire and the Humber, UK

Offers a variety of services including domestic assistance, medication administration, companionship and palliative care, as part of a 24/7 service. Care Quality Commission with a rating of ‘Good’ in all domains. Contractually provides its services t...

Asking Price: Offers Invited
Turnover: £1,300,000

LEASEHOLD


Fast Food Chain Restaurant
UK Wide

Currently operates from a number of restaurants, all of which are situated in prominent trading locations and benefit from high levels of footfall. Long-standing brand with a multitude of excellent reviews online. All dishes are prepared in store by...

Asking Price: Offers Invited
Turnover: £6,100,000

FREEHOLD


Landscaping & Maintenance Services
Midlands, UK Wide

Specialises in commercial landscaping, maintenance, restoration and ecology services. Has won multiple awards throughout its time in operation. Embraces works of all sizes and complexities, undertaking a diverse range of projects and working to ensur...

Asking Price: Offers Invited
Turnover: £602,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
09
 
Dec
 

Scunthorpe construction group call in administrators | ADMINISTRATION

Scunthorpe-based Clugston Group and Clugston Construction ha...

 
06
 
Dec
 

KPMG agrees to sell pensions arm | DIVISION SALE

Professional services network KPMG has announced that it has...

 
05
 
Dec
 

What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS

Private business mergers and acquisitions expert Sue Green o...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources