Glasses raised to sale of beverage industry specialist
Beverage systems company, Stanwell Group, has been sold to a Swedish-based group operating in niche technology markets.
Holmfirth-based Stanwell offers solutions to the beverage industry, including fluid dispense pumps, valves and complete systems.
The company has grown significantly since being founded in 1990 and now offers a turnkey manufacture, supply and refurbishment service.
KBS Corporate was instructed by the sellers to facilitate their eventual retirement plans. The shareholders will retain active roles in the business for the immediate future.
Fabio Rambelli, KBS Corporate associate director who oversaw the sale, said: “I recall my first meetings with Doug, Joanne and Jonathan from Stanwell and being very impressed with the business, the products and the innovation.
“I could see how much the sellers cared about securing a buyer that would ensure the future success of Stanwell, to take great care of its staff and client base while maintaining the strong legacy of the brand.”
Teqnion was the successful buyer, having been active in the M&A space for a number of years across the UK, Ireland and mainland Europe.
The industrial group operates through multiple independent subsidiaries, acquiring scalable companies which can succeed in narrow technology niches.
Teqnion is listed on Nasdaq Stockholm and will continue to develop its decentralised subsidiary management philosophy.
Doug Gorton, sales and technical director of Stanwell, said: “Teqnion shares the belief that the key to building a successful company is through the strength of its people and the enduring relationships they build and maintain.
“Teqnion is exactly what we were looking for and Fabio was excellent throughout the process – a pleasure to work with.”
Teqnion CEO, Johan Steene, said: “Since we love companies that supply products with long-term relevance, Stanwell is definitely for us.
“The company’s customer relationships are solid and the enduring demand for its products is likely to persist through economic fluctuations.”
Rambelli added: “It has been an absolute joy to work with Doug, Joanne and Jonathan from Stanwell, as well as Johan and Daniel (Zhang) from Teqnion.
“I have no doubt Stanwell will have a bright and prosperous future under the Teqnion leadership and I wish all parties the very best of luck in their future endeavours.”