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
A profitable print business located in the heart of London's West End is available for acquisition, offering a prime opportunity for those looking to enter or expand in the printing industry.
This mixed dental practice offers a predominantly private service with the addition of NHS general and orthodontics contracts, benefiting from a large and loyal patient base as well as a thriving hygiene function.
LEASEHOLD
Project Tulip presents a unique opportunity to acquire a well-established coach operator in the scenic region of Dorset, renowned for its robust travel and tourism services.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.