Completion Announcement – IWS Group has acquired Anco Storage Equipment Limited
Leading industrial workspace specialist, IWS Group, has completed its acquisition of Anco Storage Equipment Ltd, the largest trade-only supplier of storage solutions in the UK.
Established in 1991 in West Sussex, Anco has gained an enviable reputation for quality and service at a competitive price. Exclusively through its trade-only distribution channel, Anco offers an extensive range of over 7,000 variations of products, covering all kinds of applications from industrial racking, multi-tier projects and mezzanine flooring, to office archive storage and modular shelving. Anco stores over £3M worth of stock in their warehouse to facilitate quick turn-around times on orders.
Anco Managing Director, Stewart Bourn commented; “This acquisition is a real testament to the fantastic team we have and the outstanding service we provide. Joining the IWS Group is an excellent opportunity for Anco, our employees and our distributors. The new ownership will enable us to accelerate our growth and further improve our product offering, resource, and infrastructure. This is a big win for us as a company and for our resellers.”
David Nelson, Managing Director of Leith Mergers & Acquisitions Limited commented; “We have been delighted to play a part in the history of this long-established, independent company. It has been a particular pleasure to support the Shareholders on this transaction. They have been faithful custodians of the company for over thirty years and we are proud to have played a small part in the next chapter of the company’s history.”
Anco Shareholders were advised by Leith M&A (M&A advisory), Downs Solicitors (legal) and Vista Partners (Accountancy & Tax).
Strengthening the IWS Group Portfolio
IWS Group is a rapidly growing family of market-leading product brands and service companies which provide essential supplies and services to the warehouse and logistics, material handling, and industrial sectors.
The group portfolio currently includes Beaverswood, Brandsafe, Rack Group, and now Anco.
“We’re thrilled to welcome Anco to the IWS family,” said Jeroen van den Berge, CEO of IWS Group, “Anco’s wealth of storage solutions, its team of specialists and its long history of building strong partnerships with its distributor network are the perfect complement to our growing portfolio of innovative industrial workspace brands. Our vision is to be the partner of choice for essential products & services throughout the lifecycle of an industrial building, and this acquisition is a natural progression towards this end”. ”
The IWS Group Family
About Beaverswood
Beaverswood manufactures innovative products that improve the efficiency, safety, and sustainability of the physical workspace. The Beaverswood range of warehouse safety and management products includes labelling and signage, recycling solutions, identification products and visual communication solutions.
Visit: www.beaverswood.co.uk
About Brandsafe
Brandsafe is Europe’s leading provider of high visibility impact protection and site safety for industrial buildings, such as warehouses, manufacturing sites and logistics hubs.
Its innovative traffic management and pedestrian safety solutions are designed to sustainably prevent and protect people, products and property from impact damage.
Visit: www.brandsafeprotection.com
About Rack Group
Rack Group is the UK’s leading provider of warehouse racking solutions that focus on prolonging the life and safety of racking. These solutions, which include racking installation, inspection, repair, maintenance and training, are provided to many of the biggest household names across the UK. Its range of racking protection includes the market leading brand Rack Armour.
Visit: www.therackgroup.com
