BHP smooths the way in abrasives deal

BHP Corporate Finance is delighted to have advised Samuel Hodge Group on its acquisition of Mac’ Ants Abrasives.

Headquartered in Sheffield, Samuel Hodge is a privately owned engineering group with operations across the UK and Poland. With a history dating back to 1897, the group’s activities span a diverse range of industrial sectors including aerospace, marine and brewing.

Through its subsidiary Hodge Clemco, Samuel Hodge is the market leader in the supply and manufacture of abrasive blast cleaning and surface treatment equipment. Dinnington based Mac’Ants is a supplier of abrasives and blast materials and is one of the world’s largest specialist plastic media manufacturers.

Following the acquisition the enlarged Samuel Hodge Group will employ more than 180 people and have a combined turnover in excess £25 million.

180 people employed following acquisition

Commenting on the deal, Samuel Hodge’s 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 Samuel Hodge Group.  We share the same ethos of quality and innovation and together Hodge Clemco and Mac’Ants will be able to offer our customers an unparalleled range of equipment and consumables for surface treatment and blast cleaning”

BHP Corporate Finance partners Don Gray and David Forrest acted as lead advisors to Samuel Hodge.  Don Gray said. “We are delighted to have worked with Neal and his team on this important deal. The transaction 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 element of their growth strategy.”

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