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SOLD: Tungsten Carbide Manufacturing & Engineering Business (Based Midlands)

This company produces batch volume, precision engineered, tungsten carbide parts for a prestigious client base.  The wide range of applications for tungsten carbide is reflected in the sectors supplied, including oil & gas, mining, tobacco, tooling and spraying.  It has a blue-chip customer base.  The corporate owner, a quoted business, decided to divest the business for strategic-fit reasons and asked Anderson Shaw to assist.

This was a challenging assignment for a number of reasons: it is a complex, technical business and producing the Briefing Document was harder than usual; for a period there was the possibility of a property transaction which could have required relocation of the business at short notice; and the owner became concerned about the under-lying performance of the business and so embarked on a major restructuring program during the selling process.

Anderson Shaw marketed the business widely in the UK and internationally including to a comprehensive list of parties provided by the owner.  As a result there was significant interest in the business and we held discussions with several parties.  We were able to maintain a good level of interest in the business despite the challenges described above and we were able to maintain a credible reserve buyer once heads of terms were signed even though the legal stages took very much longer than the average.


Anderson Shaw has offices on the outskirts of Coventry and provides business broker and corporate finance services for clients throughout the Midlands and the UK.

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