EMC Corporate Finance sparks up another sale

EMC Corporate Finance has completed the sale of Takbro Limited to Newbury Investments (UK) Limited.

Takbro, with its headquarters in Burgess Hill in West Sussex, has distribution centres in Mansfield and Bury. It has more than 45 years experience in supplying interface products for signal conversion, switching, isolation and similar applications.

Newbury Investments (UK) Limited owns a range of market leading electrical products businesses including Deta Electrical, Stearn, Norbain and UK Electric.

EMC’s Corporate Finance Director, Michael Pay, who led the team advising Takbro on the sale said:

“Takbro’s shareholders wanted to retire from the business and leave it with an owner that would honour the reputation that they have created in their markets. In Newbury Investments we found a team who have carried through on their word all the way through the transaction and who honour the heritage of companies they acquire”.

The shareholders of Takbro commented:

“We are very pleased to pass our business to the custodians of Newbury Investments, and we would like to thank Michael Pay and his hard working team at EMC Corporate Finance for all the work they put in to ensure negotiations stayed on track and the deal seen through to a successful conclusion.

Legal support was provided by Abigail Owen of DMH Stallard and accountancy support by Spofforths LLP acting for shareholder of Takbro.