Fri, 29 Oct 2010 | MBO/MBI
Industrial supplies distributor, James Lister & Sons, has been purchased in an MBO by the great great grandsons of the original owner.
Tim, Richard and Mike Cotterill, owners of 35 per cent of the family business, have now bought the remainder of the company from other family members, and have “big plans to expand the business.”
James Lister & Sons, which has been renamed Lister, is one of the largest businesses of its kind in the Midlands, with 12 bases in the West Midlands. Its head office and national distribution centre is based in Smethwick, it also has a trade counter in Abergavenny, South Wales.
The firm, which started out as an ironmongery and hardware shop, was established in 1874 by James Lister. Today it has a total of 150 staff and reported sales of over £14m for last year.
Chairman Tim Cotterill said, “Business across the market continues to improve day by day, although we have not yet returned to the levels enjoyed in 2008, and plans are afoot for us to expand our operations in the near future which will include a rebrand and the launch of our new website very shortly.”
Lister’s new auditors Chantrey Vellacott DFK supported the acquisition. Chantrey’s Nick Simkins commented: “This is a great story for the West Midlands and shows business confidence is returning to the region.”
A parcel delivery firm based in the North West had fallen into administration and ceased trading, with administrators now seeking to sell the company’s assets, including its fleet of vehicles and leasehold property. An auction of the vehicle fleet...
Prime coastal development opportunity with full planning permission is available for sale. Total site area approx. 0.88 acres (0.36 hectares). Full Planning Permission for 19 apartments across two blocks with basement parking. The deadline for off...
This vibrant and rapidly growing online business specialises in British craft beer gift hampers, tapping into both D2C and B2B marketplaces, making it an ideal investment for those looking to capitalise on the thriving gift industry. With a streamlin...
|
22
|
|
Aug
|
Animalcare acquires new research programme for horses and dogs | BUSINESS SALE
York-based Animalcare Group plc has expanded its pipeline of...
|
22
|
|
Aug
|
Coastal Dorset development site with planning permission comes to market | COMMERCIAL PROPERTY
A prime coastal development opportunity has been launched to...
|
22
|
|
Aug
|
UK Government takes control of Speciality Steel after insolvency | ADMINISTRATION
Speciality Steel UK (SSUK) has been taken over by the UK gov...
|
22
|
|
Aug
|
UK Government takes control of Speciality Steel after insolvency | ADMINISTRATION
Speciality Steel UK (SSUK) has been taken over by the UK gov...
|
22
|
|
Aug
|
Coastal Dorset development site with planning permission comes to market | COMMERCIAL PROPERTY
A prime coastal development opportunity has been launched to...
|
22
|
|
Aug
|
Animalcare acquires new research programme for horses and dogs | BUSINESS SALE
York-based Animalcare Group plc has expanded its pipeline of...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.