Cementing The Long Term Future Of Local Firm
Newton Abbot-based engineering firm, Centristic has been acquired by Waldegrave (RG) Limited. The sale will launch the company into a new era of development, offering exciting opportunities to its thirty-strong skilled workforce, and providing its customers with a highly valued service from an expanding operation
This demonstrates the banks are still lending and the appetite for investors looking for solid business opportunities continues.
Centristic offers national aggregate producers the design and manufacture of processing plant and conveyors. For local quarry construction companies they also provide fabrication and erection. Established twenty seven years ago, Centristic is acknowledged in the industry as offering excellent engineering, competitive prices and integrity of service.
Alan Mann Director of Centristic said “Mike Harper, my fellow director, and I will continue to work alongside the new owner Roddy Grant of Waldegrave for the next three years and continue to fulfill our customers’ expectations and encourage the next generation of management from the talented and highly experienced workforce.”
Roddy Grant has an impressive background in managing large corporations in engineering and construction. He explains “Centristic has an excellent reputation. I want to build on its existing strengths, customers and market position to develop a sound company into a more powerful level. With Centristic’s expertise there are new markets to tackle which will bring new customers and expansion for the company.”
Melanie Lee of Taunton Commercial Centre for HSBC said "We are delighted to have been able to assist with this acquisition and so help this local company to continue to develop".
Advisors to the buyer and HSBC bank on the purchase were Paul Hardman of Morgan Cole, Antonia Power of Foot Anstey solicitors and Mark Neath of Old Mill Accountants and for the sellers’ accountants Jon Williams of Bishop Fleming and Dominic Hollingsworth of Kitson Hutchings.
Published 18/08/2008
