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PEM Corporate Finance Advises on Latest Sale of A Dairy Equipment Supplier - Lall Singh, Managing Director of Greenoak Equipment Ltd, is delighted to announce the sale of the Cheshire and Bedfordshire based company to Shropshire based Dairy Spares Ltd to create the largest supplier of dairy spares in the UK
PEM Corporate Finance Advises on Latest Sale of A Dairy Equipment Supplier

 

NewswireToday - /newswire/ - Cambridge, Cambridgeshire, United Kingdom, 2011/05/09 - Lall Singh, Managing Director of Greenoak Equipment Ltd, is delighted to announce the sale of the Cheshire and Bedfordshire based company to Shropshire based Dairy Spares Ltd to create the largest supplier of dairy spares in the UK.

   
 
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Greenoak Equipment Ltd, founded in 1991, is one of the UK’s largest suppliers of low cost replacement parts to the dairy industry worldwide. The new combined business will be the largest dairy spares supply business in the UK.

Greenoak also supplies complete milking parlours for dairy cows, sheep and goats with different levels of automation. With strong technical support during installation and after-sales service, Greenoak supplies to over 200 trade customers. The company has also developed its own brand of electronic automation systems for milking parlours.

Dairy Spares operates from a large distribution centre in Whitchurch, Shropshire. Over the last 10 years and with considerable investment, it has extended its distribution nationally and now has over 500 distributors from Penzance to the Orkney Islands. During recent years British dairy farmers have taken many ideas from New Zealand dairy farmers and their ‘keep it simple’ approach to dairying. Dairy Spares has helped with this by making many New Zealand products readily accessible in the UK.
Lall Singh will remain with the business on a consultancy basis and will oversee the roll-out of projects in India and Canada. Commenting on the deal he said,“This is an excellent deal for Greenoak staff and customers who will have new opportunities and a secure future within an enlarged business. I remain excited about exploring new international opportunities for the business over time”.

The sale of the business was overseen by PEM Corporate Finance based in Cambridge. Commenting on the deal Tony Stairs, Director at PEM Corporate Finance, said,“This is a good deal for Greenoak and for Dairy Spares creating the UK’s market-leading dairy spares business. I wish Lall and his team best wishes for the future”.

Legal advice to the directors of Greenoak was provided by Rob Matthews of Keystone Law in Cambridge.

 
 
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PEM Corporate Finance Advises on Latest Sale of A Dairy Equipment Supplier

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