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

Fintech Company: Comparison of Trading Platforms for Traders
UK Wide

Extensively developed platform, generating a consistent stream of revenue from affiliate agreement commissions and contracted advertising packages. The company compares trading platforms operating in forex, stocks, crypto and commodities. Fully reloc...

Asking Price: Offers Invited
Turnover: £666,305

RELOCATABLE


Electrical Product Specialists
Hampshire, UK Wide

A great opportunity to take on a respectable electrical control panel manufacturer in Hampshire is now available to the market. High end technology. Registered ECA member. Commercial client base. Skilled team of staff. Excellent reputation. Offers in...

Asking Price: £900,000
Turnover: £578,207

LEASEHOLD


Coach Transport, Services, MOT & Repair (Fast Sale)
London, UK

Offers required by August 26th, 2020 - 6:00pm. Established in 1971, this North London based coach company operates a fleet of 14 executive/luxury coaches (7 of which are unencumbered) with seating for up to 70 passengers, and 1 wheelchair accessible...

Asking Price: Offers Invited
Turnover: £1,100,000


View more businesses for sale

News Search

Latest News

 
07
 
Aug
 

Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...

 
06
 
Aug
 

Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION

One of the UK’s leading ski tour operators Harris Holi...

 
05
 
Aug
 

Pizza Express puts itself up for sale and looks to close 67 outlets | BUSINESS SALE

Pizza Express has announced that it is seeking a buyer for i...

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