Company on growth path
Anderson seeks more deals after acquiring Alloy
The Anderson Group has acquired Alloy Bodies in what could be the start of an acquisition phase for the Newhouse-based company.
Alloy Bodies employs 125 at its manufacturing site in Manchester producing more than 2,000 commercial vehicle body units a year and generating annual turnover of about £12m.
It is one of the UK’s largest body unit producers, producing designs for vehicles ranging in size from 3.5 tonne to 26 tonne.
Irvine Anderson, chairman of The Anderson Group, explained: “Alloy Bodies is a major UK manufacturer in the commercial vehicle sector.
“Through our commercial vehicle franchises and haulage companies, we already work with many fleet, contract hire, and rental companies, making Alloy Bodies a perfect fit for The Anderson Group.
“We have experienced considerable expansion over the last few years through organic growth and acquisition and I would expect, if a deal was right, we will be acquiring further suitable businesses in the future.”
Tim Ward, newly-appointed CEO of The Anderson Group, brought Alloy Bodies to the attention of the board and coordinated the deal. He will look for potential acquisitions and opportunities for growth in his new role.
Details of the Alloy deal were not disclosed. It was supported by HSBC which also refinanced the group. Kenny White, the bank’s corporate relationship director in Scotland, said the acquisition will give the group greater opportunities for growth and investment.
The Anderson Group, established in the 1930s and managed by the third generation of the Anderson family, has annual turnover of £240m and has 566 employees in the UK.