Accounting Firms

FRP advises on Fullwood Milking sale

As part of the deal, Fullwood Milking will maintain its base in the UK, the Netherlands and Belgium and all employees remain with the company

FRP Advisory has supported independent international investment company Pindustry on its sale of Fullwood Milking to Dutch group, JOZ.

Headquartered in Ellesmere, Shropshire, with offices in the Netherlands and Belgium, Fullwood Milking is a supplier of milking systems and robots to the agricultural sector.

Fullwood Milking operates in 80 countries worldwide and has been backed by Pindustry, an independent investment company, since 2015. This deal sees Pindustry fully exit its investment in Fullwood Milking in a sale to the Dutch group, JOZ.

JOZ specialises in contemporary barn cleaning and has been developing manure and feed pushing systems for livestock farmers for more than 70 years.

The deal was supported by Fahim Kassam and Gary Hyem from FRP’s corporate finance team. Support was also provided by partners Tony Barrell and Chad Griffin.

As part of the deal, Fullwood Milking will maintain its base in the UK, the Netherlands and Belgium and all employees remain with the company. It will also maintain all existing services with its dealer network.

Fahim Kassam, senior manager at FRP Corporate Finance, said: “The dairy farming market has developed at a brisk pace in recent years and there is real demand for high-tech solutions that enable farmers to work more productively.

“Fullwood Milking is a fantastic, innovative business and by combining its own research and development with that of JOZ’s there is huge growth potential. It’s been a pleasure to support the team on this deal.”

 

Show More
Back to top button
[class^="wpforms-"]
[class^="wpforms-"]