Electric Business

A brief summary of business news to keep you informed on company start-ups, corporate downsizing and mergers and acquisitions.

Electric Marketing provides this service as free to access here, or it can be emailed to you monthly. Just Sign Up

Aspall Cyder sold to Molson Coors

US beer giant Molson Coors has acquired Aspall, one of the UK’s top-selling premium ciders. Aspall was founded in 1728 by Clement Chevallier and continues to be run by the eighth generation of his family. With this deal, Molson Coors has committed to investing in Aspall’s Suffolk operation, from which it has been solely based for nearly 300 years. Cider is a fast-growing category; between 2010 and 2015, the total cider market increased in value by 25%, and the volume of cider sold by Aspall in 2016 increased by a tenth. The UK accounts for 45% of the cider world market. Apart from drinks, Aspall also produces leading specialty vinegars.

Leave a Reply

Moneypenny expands offering with MadeSimple takeover

Answering services provider Moneypenny has expanded its offering with the acquisition of MadeSimple Group, a provider of business products and services to start-ups and small businesses. MadeSimple provides a suite of online solutions that include virtual offices, company formation and website creation, as well as a co-working space in central London. In 15 years MadeSimple has helped form more than 650,000 companies. Its team of 45 will continue to work in London.

Leave a Reply

Sanderson Group acquires Anisa Holdings

Sanderson Group has bought ERP solutions provider Anisa Holdings for £12m. Anisa employs 90 people in offices in London, Runcorn, Liverpool and Solihull as well as Singapore and Australia, providing round-the-clock supply chain support to over 250 companies. Its acquisition complements Sanderson’s enterprise division, as well as allowing it to expand its delivery options with Anisa’s managed, hosting and cloud delivery services.

Leave a Reply

Compre Group buys €300m non-life run-off portfolio from Generali

Independent insurance and reinsurance legacy specialist Compre Group has acquired the UK non-life run-off portfolio of Assicurazioni Generali. The Italian insurance giant has sought to streamline its operations and optimise capital allocation by offloading its UK business in what has been described as a highly competitive tendering process. The portfolio, totaling €300m of liabilities, comprises APH and some UK Employers Liability business, which have been in run-off since the early 2000s. The deal is Compre’s eighth and largest acquisition of 2017.

Leave a Reply

Brenntag completes double acquisition of ingredients suppliers

Brenntag has made a double swoop in the UK food ingredients distribution sector with deals for A1 Cake Mixes and Kluman & Balter. The companies provide value-added services for the bakery supply chain that complement Brenntag’s offering, which includes new product development, technical competence and support informed by insight into market requirements and trends. The business is expected to generate total sales of approximately £77.5m in the financial year 2017.

Leave a Reply

CPM Holdings acquires Proline Engineering

US firm CPM Holdings has acquired Proline Engineering, a supplier of high-speed, high-volume conveyancing solutions, installation and aftermarket services for the metal packaging industry. Proline will continue to operate from Manchester with the same management team while leveraging CPM’s global operational base. The deal secures CPM Holdings its fourth facility in the UK.

Leave a Reply

TRIGO enters UK with Bridge Group acquisition

TRIGO has acquired Bridge Group from its founder Neil Endley. A specialist in supplier turnaround management, training and technical resourcing, Bridge Group will provide TRIGO with a springboard into the automotive, aerospace and heavy transportation industries in the UK. TRIGO is an international provider of quality support and conformity assessment services, employing over 8,000 people worldwide.

Leave a Reply

TCS Media changes ownership with MBO

Independent planning and buying agency TCS Media has changed ownership with the completion of an MBO. The company’s new owners are managing director David Price, digital director Ciaran Deering and finance director Sean Guthrie. The media agency covers channels ranging from programmatic to TV in-house, serving a number of big clients that include AGA Rangemaster, Laura Ashley and Sudocrem.

Leave a Reply

Connect Group offloads Connect Books to Aurelius

Private equity firm Aurelius has acquired Connect Books, a multi-channel wholesaler, distributor and retailer of books with a projected turnover of around €250m for 2017. Considered a non-core asset by Connect Group as it seeks to refocus on its specialist logistics business, Connect Books will rebrand back to Bertram Group following the deal. The business is comprised of six brands, which are Bertram Books, Wordery, Dawson Books, Erasmus, Houtschild and Bertram Library Services.

Leave a Reply

Blockchain specialist Black Cactus Global buys World on Wireless

Blockchain development business Black Cactus Global has announced the acquisition of World on Wireless UK, a provider of white label payment systems and services to banks, financial institutions, remittance companies and retail chains. WOW will continue to develop initiatives in cryptocurrency and blockchain with access to Black Cactus’ substantial portfolio of blockchain IP. WOW’s experienced software development and management team will be retained.

Leave a Reply