Announcement Indutrade acquires Ellard Ltd
Indutrade acquires Ellard Ltd
We are pleased to announce to all of our customers and suppliers that
Indutrade yesterday signed an agreement to acquire all of the shares in Ellard Ltd (www.ellard.co.uk), with annual sales of approximately GBP 8.5 million.
Indutrade is an International Industrial Group that sells high tech products and solutions.
A steadily growing group through acquisitions Indutrade consists of over 225 companies and has a turnover in excess of £1 billion.
Ellard is a specialist manufacturer of drives, motors and controls for industrial, commercial and residential doors and shutters, complemented with a wide range of accessories. In addition Ellard also offers a wide range of gate and barrier automation. Customers are manufacturers and installation contractors of doors, shutters and gates in the UK and Ireland.
Possession took place yesterday and Ellard will be part of Indutrade’s Special Products business area.
For Ellard it is business as usual. Customers will see no change in how the company operates.
This acquisition gives us a great opportunity to develop the business further in the future.