Fri, 08 Sep 2023 | BUSINESS SALE
Investment firm Milbank Group has continued its M&A-led diversification with the acquisition of a livestock housing and comfort specialist. The acquisition of Northamptonshire-based Intershape Ltd is Milbank Group’s eighth takeover as it continues to use M&A to build a diverse portfolio of companies.
Colchester-based Milbank seeks to grow both organically and through bolt-on acquisitions. It targets market leaders with a focus on service and product quality and, once it has acquired a company, seeks to improve the business’ environmental and community impact.
Intershape, which has been operating for more than 30 years, provides farmers and rural businesses with equipment designed to improve the comfort and performance of cows, calves and horses. It sells products, mainly sourced from Europe and North America, via its warehouse and HQ in Daventry.
Post-acquisition, the firm will continue to operate as an independent business, but is expected to deliver significant synergies with Silostop Agri, another agricultural business in the Milbank Group. Intershape is intended to eventually join Silostop Agri’s range of agricultural solutions, introducing new opportunities to offer its products to new and existing markets.
Silostop Agri Managing Director Tim Brewer, who will take on the operation of Intershape with immediate effect, commented: “The addition of Intershape to our Team is a really exciting opportunity for us. Their range of products and expertise are well recognised in the industry, and we look forward to working together and gaining more knowledge about the offering.”
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