GIL Investments has acquired agricultural components manufacturer Chapmans Agricultural Limited
GIL Investments Limited (“GIL”) today has acquired the Sheffield based agricultural components manufacturer Chapmans Agricultural Limited.
With over 60 years’ experience, Chapmans uses its technical expertise, know-how, and production capacity to manufacture wear resistant components for all sectors of the agricultural industry. Chapman’s commitment to research and development and continuous improvement in metal forming and forging means that the Company is the preferred supplier to many of Europe’s leading agricultural machinery manufacturers. Established in 1956, over 100 staff are now employed at its manufacturing facilities in Sheffield, England from where home and international markets are serviced.
Ian Lane, Managing Director, said:
“The Lane family have a long history of investment in Yorkshire. Finding a new owner who understood and shared our passion for traditional manufacturing in Sheffield was very important to us. We are delighted to be working with Gil Investments, a UK investment business that understands our core operations and the demands of modern manufacturing in the UK. I look forward to continuing my work with the existing management team as we strive to take the business forward, developing new products and processes and attracting further trade customers, to support and service their supply chains.”
Gateley Legal advised GIL. Lupton Fawcett LLP provided legal advice to CAL. Addleshaw Goddard LLP advised Praetura Commercial Finance and Hart Shaw LLP acted for the vendors. BSN Associates provided financial due diligence for the acquirers.