Anderson Group eyes more deals after Alloy Bodies swoop

Andrerson Group chief executive Tim Ward. Picture: Contributed
Andrerson Group chief executive Tim Ward. Picture: Contributed
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Commercial vehicle, haulage and property business Anderson Group has bought a vehicle body-builder in England for an undisclosed sum.

Alloy Bodies employs 125 people in Manchester, producing more than 2,000 commercial vehicle body units a year and with an annual turnover of about £12 million.

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Irvine Anderson, chairman of Newhouse-based Anderson, said the acquisition was a “perfect fit” given the group’s existing work with commercial vehicle franchises and haulage companies.

“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,” he added.

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The deal was led by Anderson’s newly-appointed chief executive Tim Ward whose remit includes looking for potential takeover targets. It was supported by HSBC who also provided a full refinancing of the group.

Kenny White, the bank’s corporate relationship director in Scotland, described the acquisition as a “strategic purchase which enhances and expands the services the group already provides and will give it greater opportunities for growth and investment”.

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Anderson, established in the 1930s, is managed by the third generation of the Anderson family.

It has an annual turnover of around £240m and employs more than 560 people in the UK. As well as commercial vehicle operations, the group has interests in haulage and property.

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