Wheel-makers Stocks AG celebrates business buyout
PUBLISHED: 10:54 28 October 2016 | UPDATED: 10:54 28 October 2016
The management team of a Wisbech-based agricultural wheel manufacturer is celebrating after completing the buyout of the business.
Stocks AG, on Cromwell Road, has successfully bought the business with the help of funding support from Barclays and the advice of local accountancy firm, Price Bailey.
Dana Cooper, director, said: “We are delighted to have completed this transaction. The management team at Stocks has a strong understanding of our customers’ needs and the many strengths that exist within our business.
“With the support of Barclays, the MBO allows us to invest in developing our services even further.”
Simon Blake, Price Bailey Partner said: “The deal represents a fantastic opportunity for the Stocks management team. We have great confidence in the business, which is well-positioned for future growth.”