Friday, June 5, 2020

Lincolnshire bulk material handling company acquired

BULK material handling company, Mitchells Group has acquired Lincolnshire-based Guttridge.

Privately owned Mitchells is one of the world’s largest bulk material handling manufacturers, supplying specialist conveying solutions and handling equipment to agri-food companies worldwide.

The deal will see the combined revenue of both companies surpass $30 million.

The acquisition vastly increases Mitchells scope and engineering capacity which already sees the Group service customers in six of the world’s seven continents, with equipment installed in 46 countries.

The deal will expand the breadth of Mitchells Group’s service offering, allowing it to supply small capacity systems to local farmland through to large commercial port terminals.

Established in 1962 and employing 100 people, Guttridge will retain its name and continue to trade as part of the Mitchells Group.

Commenting on the acquisition, Mitchells Group CEO, Mic Mittasch, said: “The acquisition of Guttridge is a significant milestone in the continued growth of Mitchells and our forever expanding bulk handling capacities.

“As a Group, we are now in a stronger position globally to offer our customers a much wider scope and range of products, particularly for projects requiring smaller capacities which is in growing demand in developing economies which is a strong focus of the Group.

“The synergy of both companies, more than anything, made the acquisition most attractive. With our current and future customers in mind, we see the deal as a giant step to support even more customers in expanding territories and cater to more industries – specifically biomass, waste, recycling, chemicals and minerals.

“We look forward to the beginning of a strong and successful relationship with Guttridge and its employees.”

Peter Guttridge, Chairman at Guttridge said: “We are delighted with the acquisition and joining Mitchells Group marks a culmination of 50 years of hard-work and continued high-quality design and build of bespoke handling solutions.

“The deal will allow us to support both new and existing customers with a greater range and scope of products and materials, ensuring we provide the highest quality to meet their needs.

“The high-level of skilled engineers and technicians in global locations at both companies compliment each other and by working together we can further establish our global presence and become true leaders in our field.

“The future looks incredibly bright and we’re looking forward to a prosperous and successful relationship with Mitchells.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Union hits out at East Midlands aerospace parts firm as 420 redundancies planned

Aerospace parts firm SPS Technologies "must not exploit the lockdown" to slash jobs and terms and conditions at its sites in Nottingham, Leicester and...

Streets focus on job and employment schemes in latest business update

Streets Chartered Accountants provide details of changes to Coronavirus Job Retention Scheme including the introduction of flexible furlough in its latest business support update. As...

3 business tips for saving money during Coronavirus

Coronavirus has changed every business in the world. Whether you’ve been made to work remotely, put your staff on furlough, or redirected your resources into...

New ownership for Market Harborough ventilation, maintenance & hygiene company

System Hygienics, formerly the service arm of the Hotchkiss group - the largest duct manufacturer and installer in the UK – have new ownership,...

Construction of Kirkby’s new Leisure Destination takes a step closer

Plans to bring a new state-of-the-art leisure centre to Kirkby in Ashfield have taken another step forward. Ashfield District Council is seeking tenders from contractors...

Related news

Shared office spaces cautiously reopen

Many of the UK’s network of 5,000 shared office spaces are tentatively re-opening this month as more businesses return to the workplace as the...

Union hits out at East Midlands aerospace parts firm as 420 redundancies planned

Aerospace parts firm SPS Technologies "must not exploit the lockdown" to slash jobs and terms and conditions at its sites in Nottingham, Leicester and...

Streets focus on job and employment schemes in latest business update

Streets Chartered Accountants provide details of changes to Coronavirus Job Retention Scheme including the introduction of flexible furlough in its latest business support update. As...

3 business tips for saving money during Coronavirus

Coronavirus has changed every business in the world. Whether you’ve been made to work remotely, put your staff on furlough, or redirected your resources into...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close