Woodfield Systems acquired in MBO

Posted on 25 May 2017 and read 675 times
Woodfield Systems acquired in MBOWhitstable-based Woodfield Systems, which designs and manufactures marine loading arms for the transfer of crude oil, has been acquired by four members of its senior management team (www.woodfieldsystems.com).

Founded in 1932, the company was bought by the MacGregor group (part of Finnish group Cargotec) in 2014. It employs more than 60 people.

The firm has been acquired by David Williams, Christina Collins, Gary Reddecliffe and Glen Doherty; MacGregor will retain a minority shareholding.

The MBO comes three years after MacGregor bought Aker Solutions’ mooring and loading systems division, which included Woodfield Systems.

Sales director David Williams said: “The MBO allows us to fully focus on our core business, supporting our customers with a range of products and services for the onshore marine loading and fluid transfer of crude oil, refined products, chemicals, LPG and LNG.”

The MBO team was supported by Scott Miles, advisory and assurance partner at Kreston Reeves. He said: “The new management board deserve every success ahead of them.”

Be seen in all the right places!

Expo Manufactura 2018 Southern Manufacturing 2018 WIN Eurasia 2018 MACH 2018 Intermach / MTA 2018 Indusmach Africa 2018 (Kenya) Metaltech 2018 Subcon 2018 MTA Vietnam 2018 Maktek Eurasia 2018 MTA Hanoi 2018 Indusmach Africa 2018 (Tanzania) India Export News