The business and assets of the CSG Valves Division (‘the Division’) of Salford based Castings Services Limited has been sold for an undisclosed sum to a new company CSG Valves Limited (CSG). CSG is owned by Eshold BV a Netherlands engineering firm and by David Warner the former divisional manager of Castings Services Limited. The deal was structured and managed by the corporate finance team of accountants and business advisors, Cowgill Holloway LLP.
The acquisition of the Division is an important move for Eshold BV’s ambitious international growth plans. The Division’s range of metal valves compliments the HDPE valves manufactured in the Netherlands by Synthesis BV a subsidiary company of Eshold BV.
The Cowgill Holloway team was led by partner Paul Stringer and assisted by senior manager Robin Prestage. Commenting on the deal, Paul said: “Eshold BV’s acquisition of the Division demonstrates its commitment to serving its clients in the UK and overseas, while enabling the company to fulfil its strategic and global expansion plans. We are proud to have assisted with their acquisition strategy.”
Eshold BV are committed to the vision of building a global business. The acquisition of the Division is a testament to this vision, adding significant depth and breadth to the Company’s European footprint and capabilities.
The Division has supplied major international civil engineering companies and offers unrivalled technical knowledge and support for clients throughout the UK and overseas. The Division is a leading valve manufacturer and distributor in the UK marketplace. The dedicated valve division based in Telford is staffed by expert engineers, supplying high-quality valves from their own range and other leading valve manufacturers.
Legal advice to Eshold BV was provided by James Richardson of Lupton Fawcett Denison Till, Leeds.
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The information was correct at time of publishing but may now be out of date.
