A historic Sheffield engineering firm has snapped up a Dinnington company to boost its share of the blast cleaning market.
Samuel Hodge Group, founded in 1897, has bought Mac’Ants, a supplier of abrasives and blast materials.
Subsidiary, Hodge Clemco, is the market leader in the supply and manufacture of abrasive blast cleaning and surface treatment equipment.
Following the acquisition, the enlarged Samuel Hodge Group will employ more than 180 people and have a combined turnover in excess £25 million.
Samuel Hodge managing director, Neal Crisford, said “Mac’Ants is a very well respected name in the industry and we are delighted to welcome the team into the Group.
“We share the same ethos of quality and innovation and together Hodge Clemco and Mac’Ants will offer customers an unparalleled range of equipment and consumables for surface treatment and blast cleaning.”
Samuel Hodge is a privately-owned engineering group with operations across the UK and Poland. The group’s activities span a diverse range of industrial sectors including aerospace, marine and brewing.
BHP Corporate Finance partners Don Gray and David Forrest acted as lead advisors to Samuel Hodge.
Don Gray said: “This is a great example of a business executing a strategic acquisition to enhance its service and product offering.
“With confidence in the economic outlook continuing to improve, we are seeing an increasing number of clients looking at acquisitions as a key to their growth strategy.”
Sentio Partners advised Mac’Ants’ shareholders, Langleys provided legals advice.