The management team at Wisbech-based Stocks AG Limited has successfully completed a management buyout (MBO) of the business. Founded in 1977, Stocks AG are the largest UK manufacturer of specialist wheels for agricultural tractors and other machines used in the agricultural, horticultural and amenity sectors. The management team was advised by Price Bailey Strategic Corporate Finance.
Stocks Director, Dana Cooper, who led the buy-out with funding support from Barclays, said: “We are delighted to have completed this transaction. The management team at Stocks has a strong understanding of our customers’ needs and the many strengths that exist within our business. With the support of Barclays, the MBO allows us to invest in developing our services even further.”
Simon Blake, Price Bailey Partner, said: “The deal represents a fantastic opportunity for the Stocks management team. We have great confidence in the business, which is well-positioned for future growth.”
Mark Smith, Relationship Director, Corporate Banking at Barclays, Cambridgeshire, said: “The flexible funding facility will provide the company with a good foundation for future growth where they can utilise their vast experience in the sector.”