Fri, 17 Jan 2014 | MBO/MBI
Paper filing products supplier Railex Ltd and metal storage maker Railex Storage Ltd have been purchased in a management buy in arrangement.
Serial investor Andrew Ferguson and businessman Raymond Crane bought 100 per cent of the shares of Railex Limited for an undisclosed sum shortly before Christmas. The transaction was funded using asset-backed lending and factoring facilities. The buyers were represented by Robin Gill of Storrar Cowdry.
The deal was led by Bolton-based KBS Corporate, and will mark the first time Railex has broken ties with the founding Wilson family in its 105-year history.
The shareholders are to exit the company immediately it is believed, and will receive rental income from the Southport property.
Founded by Frank Wilson and his wife under the name of WH Hilton in 1908, the group now commands annual revenues of £3.5 million, operating across two sites.
Railex Filing is in Southport, Merseyside, and makes office and large format files, wallets and folders. Railex Storage is located in Essex and makes a variety of filing cabinets, mobile storage and bespoke storage solutions.
Guy Haynes, Senior Deal Executive at KBS Corporate led the deal and received plenty of interest in both aspects of the business sale. He commented: “It became clear that ultimately, the best solution for our clients came from the eventual buyers, who held an interest in the whole group rather than just one of the subsidiaries.”
___________________________________________________________________________
Related information:
Businesses for sale
Business Finance
An exciting opportunity to acquire the business and assets of a well established tech-enabled product and service business that assists employers in preventing workplace incidents, specifically but not limited to oil and gas, manufacturing and emerg...
This is an opportunity to acquire a highly specialised AI-enhanced medical-writing business. The business has developed an AI-powered platform designed specifically for medical writers to reduce operational tasks and manual perusal of data. The...
Project Richmond provides complete, software-led warehouse management solutions and projects that aim to automate various processes, ultimately improving clients’ operational accuracy and efficiency and reducing expenditure.
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.