Sheffield Industrial acquires local rival

Sheffield Industrial Saws has acquired local rival Spear & Jackson International out of administration for an undisclosed sum.


Sheffield Industrial Saws has acquired local rival Spear & Jackson International out of administration for an undisclosed sum.

Sheffield Industrial Saws has acquired local rival Spear & Jackson International out of administration for an undisclosed sum.

Spear & Jackson International employs 65 staff and was formed in a management buy-out from hand and garden tool manufacturer Spear & Jackson Plc.  The company came into financial difficulties in April and currently has debts of some £936,000.

Sheffield Industrial Saws manufactures segmental, tungsten carbide tipped and solid high-speed steel circular blades, in addition to distributing bandsaw blades.

Ted Wetton, from Barnsley accountancy firm Gibson Booth, has been appointed liquidator by a creditors’ meeting, held following the sale of Spear & Jackson International’s operations to Sheffield Industrial Saws.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

Related Topics

Early Stage Funding