Mon, 07 Sep 2015 | BUSINESS SALE
A car parts manufacturer based in County Durham has been bought by a global supply chain specialist.
DPE Automotive, which operates from Newton Aycliffe, has been acquired by Arlington Industries for an undisclosed sum.
The purchaser has headquarters in Coventry but operates globally as a supplier of automotive and aerospace components. It made the acquisition to “enhance growth, but also [to] assist in the diversification of our customer base”, according to Mark Frankel, the chief executive of Arlington.
The sale comes just 12 months after DPE Automotive changed hands through an MBO, which was driven by lead investor Andrew Lapping from the private equity firm Hamilton Capital and Rudi Wright, an entrepreneur.
Following his initial investment, Mr Lapping commented: “When I made the initial investment, I had great confidence in the ability and aptitude of Peter Coates and his team at DPE Automotive to grow the business and that confidence has certainly been repaid.”
Investment in the MBO was also made by the Finance for Business North East Angel Fund, which is managed by Rivers Capital Partners. Michael Dickens, fund manager at Rivers, said that the fact that the firm has been sold so quickly after the MBO is “testament to the terrific work which Peter Coates and everyone at the company has put into the business and to the high quality of the products they make”.
View other manufacturing businesses for sale.
This is an exceptional opportunity to acquire a well-established group of family-run Italian restaurants with a strong local reputation in the West of Scotland.
FREEHOLD
This is a unique opportunity to acquire a well-established wholesale fabric distributor with over 40 years of experience in the industry, located in Yorkshire.
A rare opportunity to acquire a highly successful and well-established restaurant near the historic Hampton Court Palace.
LEASEHOLD
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.