Leicester fluid power products supplier sold in £10.2m deal
A Leicester importer and distributor of fluid power products has been sold as part of a deal worth £10.2m.
Beaumanor, which employs 44 people in Leicester, has been sold to Flowtech, the listed fluid power supplier, along with Derek Lane – both firms were part of the Balu group.
Sean Fennon, CEO, Flowtech Fluidpower, said: “We are delighted to announce the acquisition of Balu which brings together three major catalogue brands in the UK market place and again widens the customer base we serve. It also gives us the opportunity to add a second logistics centre in Leicester which should deliver stock optimisation and supply chain improvements across the Group and operationally de-risk the main Skelmersdale site.”