Bike brand Apico sold in MBO

Tue, 17 Jun 2014 | MBO/MBI

A Lancashire biking company has been sold by its owners to a management team.

Vesty Holdings, which is based in Burnley, distributes biking parts, clothing and accessories under the Apico brand. It was founded 30 years ago by the Finnish off-road biking World Trials champion Yrjö Vesterinen and his wife Diane.

The couple has sold the business to Dylan Brown and Anna Lena Eriksson, two long-serving managers of the company. Forbes Solicitors and Haworths Chartered Accountants represented the vendors while Napthens Solicitors and Dow Schofield Watts advised the MBO team.

Operating out of a 25,000-square-foot warehouse, the firm employs 24 people and distributes a wide variety of cycling parts for many disciplines, such as motocross, trials, supermoto, trail riding, enduro and quad racing.

The financial terms of the deal have not been disclosed but the new owners say that operations will remain much the same while they try and continue the company’s organic growth.

Mr Vesterinen, commented: "After putting such a large part of my life into Apico, it doesn’t feel like a business, more a living, breathing organism that Diane and I have nurtured from infancy to adulthood.

"Selling Vesty UK and associated assets was not an easy decision. Dylan and Anna have been both our employees and close friends for some time. We feel they have what it takes to continue with Apico and the distributed brands way into the future."

Anna Lena Eriksson added: “We feel very privileged and honoured to have been given the opportunity to continue building on the legacy that Yrjö and Diane have created over the years. Generally not much will change in the way the company will operate. A good customer service is key to the business and will always continue to be."

Related information:
Businesses for sale
Business acquisition funding

Share this article

Latest Businesses for Sale

Country & Equestrian Footwear
Herefordshire, UK Wide

The business is open as and when required. The business is owner run and managed. Well-established country and equestrian footwear business. The business was established by our clients` in 1986 and is only now being offered to the market as our clien...

Asking Price: Offers Invited
Turnover: £323,000


Indian Restaurant with Takeaway Service
Kidderminster, Worcestershire, UK Wide

The largest Indian Restaurant in Kidderminster with 104 seats and a popular takeaway service. The business serves authentic traditional dishes with a balance of western taste and textures to accommodate a variety of palates. Business was founded by t...

Asking Price: Offers Invited
Turnover: £300,000


Magazine & Newspaper Delivery Service
Woodbridge, Suffolk, UK Wide

The business is open 7 days a week starting early in the day in order to get the papers and magazines delivered in the morning. As this is a business only sale, the incoming purchaser would need to have premises local to the area. The staff are willi...

Asking Price: Offers Invited
Turnover: £374,048

View more businesses for sale

News Search

Latest News


EAG construction business snapped up by Elaghmore | BUSINESS SALE

English Architectural Glazing Limited (EAG) has been snapped...


Childcare entrepreneur boosts portfolio with Liverpool acquisition | BUSINESS SALE

The Griffin Nursery, a children’s day nursery in Bootl...


Payroll and HR companies acquired by software group | BUSINESS SALE

IRIS Software Group has finalised the agreement of intent to...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


Meat and poultry wholesaler goes under - business assets up for sale | ADMINISTRATION

Financial difficulties at a London-based meat and poultry di...

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