Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / British robotics firm completes management buyout

British robotics firm completes management buyout

Tue, 15 Aug 2017 | MBO/MBI

A robotics company which began life designing mechanisms for sewing machine manufacturer Singer in the Victorian era has completed a management buyout as it seeks out new markets.

Sewtec, a Yorkshire-based company that designs and engineers automated manufacturing and packaging systems for the confectionery, food, pharmaceutical, personal care and tobacco industries, saw its revenues increase by more than a third in 2016 to reach £22 million and pre-tax profits hit £11.3 million.

The firm, which employs a team of 70 engineers, was originally established as part of the larger Singer company in 1897. It broke away almost 100 years later - in 1982 - to initially concentrate on the automotive industry.

Today the company designs various production and packaging solutions for customers around the world, with many resources spent on developing new designs to capitalise on the increased trend of automation in industry.

The management buyout was backed by private equity firm Endless and comes at the end of 20 years of expansion driven by Sewtec’s vendor, Bernard Meehan. He famously left school at 16 to become an apprentice engineer, joining the firm as a designer at 23 before becoming general manager two years later and taking full ownership of Sewtec in 2005.

Meehan will remain as an adviser to Sewtec while a management team of Gary Day, Karl Conqueror and Paul Johnson have spearheaded the buyout.

Speaking about Sewtec, Meehan said: “The fact that big multinationals from all over the world are coming to Ravensthorpe in Dewsbury to solve their problems is something I am very proud of.”

Exports currently make up 85 per cent of Sewtec’s sales.

Endless, a fund that was launched in Leeds in 2005, has made ten further acquisitions this year.

Subscribe to Business Sale Report here.


Share this article



Latest Businesses for Sale

Specialist Support Services For Adults
East Midlands, UK

The company provides person-centred support, progression and community integration, helping clients gain skills for living, employment and social skills.

Asking Price: Offers Invited
Turnover: £969,000

LEASEHOLD


Market Leading TV Shopping Channel
UK Wide

Highly successful business operating over a span of six years. Offers a comprehensive range of high-quality products and has successfully launched stock for over 400 suppliers.

Asking Price: Offers Invited
Turnover: £18,800,000

FREEHOLD


Provider Of Roofing And Building Services
Scotland, UK

Offers an extensive range of roofing and building services, ranging from minor works to major, multi-trade construction projects.

Asking Price: Offers Invited
Turnover: £510,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
26
 
Feb
 

Hanson-owned brickwork contractor closes down | BUSINESS NEWS

Brickwork firm Irvine-Whitlock, a subsidiary of building mat...

 
25
 
Feb
 

Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS

Acquisitive wealth management firm Fairstone Financial Manag...

 
24
 
Feb
 

Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE

Nestlé has strengthened its position in the e-commerc...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
02
 
Dec
 

Private-equity backed firm acquires timber processor and distributor | BUSINESS SALE

BSW Group, which is backed by private-equity firm Endless LL...

 
05
 
Nov
 

Food giant confirms talks over Hovis sale | BUSINESS SALE

Premier Foods has confirmed that it is engaged in ongoing ta...

 
18
 
Dec
 

The Book People goes into administration | ADMINISTRATION

Online and pop-up book retailer The Book People has gone int...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.