Wynnstay Group PLC Expansion into East of England
04 Marzo 2021 - 1:00AM
RNS Non-Regulatory
TIDMWYN
Wynnstay Group PLC
04 March 2021
4 March 2021
AIM: WYN
WYNNSTAY GROUP PLC
("Wynnstay" or "the Group")
Announces complementary, bolt-on acquisitions
Expansion into eastern side of the UK
Wynnstay, the agricultural supplies group, is pleased to
announce that it has completed the purchase of two complementary
bolt-on acquisitions that strategically expand the Group's presence
in the eastern side of the UK, where it is less established.
The acquisitions comprise the Agricultural division of the
Armstrong Richardson Group ("AR Group"), the family-owned business
that has been serving the rural and agricultural communities in the
North East of England since 1925, and the fertiliser manufacturing
business and assets ("HGBF") of HELM Great Britain Limited, part of
HELM Group, the German multi-national chemicals company.
The Agricultural division of AR Group supplies a wide range of
agricultural inputs for arable and livestock farmers, in particular
seed, fertiliser and feed, together with grain trading services. It
also owns the Yorkshire Green grass seed brand, known for its
speciality seeds. The division's managerial staff, except the
family director, will transfer to Wynnstay. The acquisition opens
up a new trading area and farming customers for Wynnstay, in line
with strategic growth plans.
HGBF is based at the inland Port of Howden, on the River Ouse,
near Goole, and produces and wholesales blended fertiliser. Its
acquisition increases Wynnstay's blended fertiliser manufacturing
capacity and extends the Group's geographic reach in the South
Yorkshire region. The HGBF team will benefit from strong synergies
with the Group's existing fertiliser blending and trading
activities at Glasson.
Gareth Davies, Chief Executive Officer of Wynnstay Group plc,
commented:
"These are highly complementary acquisitions, which expand our
presence on the eastern side of the country, and add modern
blended-fertiliser production facilities. They bring new customers
to the Group and staff with significant experience and local
knowledge. We are delighted to welcome them to Wynnstay, and look
forward to working with them to develop the opportunities
ahead."
Enquiries:
Wynnstay Group plc Gareth Davies, Chief T: 1691 827
Executive 142
Paul Roberts, Finance
Director
KTZ Communications Katie Tzouliadis / Dan T: 020 3178
Mahoney 6378
Shore Capital (Nomad Stephane Auton / Patrick T: 020 7408
and Broker) Castle / 4090
John More
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END
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March 04, 2021 02:00 ET (07:00 GMT)
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