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

Face-to-Face Fundraising Agency
London, South East, UK

A leading face to face fundraising agency providing high quality private site campaigns. Long established company operating over 10 years. Operates from leasehold premises in London. Offers invited.

Asking Price: Offers Invited
Turnover: £2,600,000

LEASEHOLD


Unique Multi Faceted Business
West Sussex, UK Wide

Multi-faceted business opportunity developed by our clients in 2014 and now offered for sale due to the directors other business ventures. Owners have firmly planted the venue for live music particularly live jazz, blues, funk and soul. Any new buyer...

Asking Price: £299,950
Turnover: £768,916

LEASEHOLD


Pet Accessory & Health Food Retailer
Colne, Lancashire, UK Wide

Acorn's Healthy Option Pet Food Store. The shop is extremely well established and very well presented with a fantastic reputation; due to the good service and quality products the shop provides. Business has a lot of repeat customers, as well as the...

Asking Price: £249,999
Turnover: £606,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
18
 
Dec
 

High street clothing chain enters administration | ADMINISTRATION

A prominent high street clothing chain has collapsed into ad...

 
15
 
Dec
 

Two pub companies enter administration | ADMINISTRATION

Mitchell’s of Lancaster (Brewers) Limited and York Bre...

 
13
 
Dec
 

Harvard Technology Limited enters administration | ADMINISTRATION

A lighting company based in Normanton has been forced to eng...

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