UK Firm Sellers Engineers Acquired by Southpad
London, England, June 26, 2014 -- Carpet shearing machine maker Sellers Engineers has been acquired by Southpad Ltd and sole shareholder Martin Allison has become the managing director.
Southpad was assisted with funding for the acquisition by Gale Finance, owned by a consortium of overseas and local investors including Australian textile machinery company CTS Group.
Sellers will to continue to operate as an independent privately owned company.
The announcement marks the retirement of David Armitage who has been with the company for more than 40 years.
Sellers of America was not part of the acquisition and remains under the ownership and management of the Armitage family.