Milbank Group makes eighth acquisition with swoop for Intershape
Investment firm Milbank Group in Colchester has completed the acquisition of leading livestock housing and comfort specialist, Intershape Ltd for an undisclosed sum.
The deal enhances a diversified portfolio of businesses for the private family-run firm, now boasting eight growing enterprises.
Intershape is a family run business, based in Northamptonshire, with over 30 years’ experience supplying farmers and rural businesses with equipment to improve cow, calf, and horse comfort and performance.
The company operates through the sale of high quality, innovative products, mainly sourced from North America and Europe, managed and dispatched across the UK via the company’s warehouse and HQ in Daventry.
Its small team of locally based agricultural experts all have good experience in the sector, placing them in a prime position to offer both supportive and practical advice to customers.
There is extensive research behind the correlation between cow comfort/stress reduction and healthy cows with improved milk production, each benefiting farmer’s profitability. Uncomfortable livestock can lead to injuries, abrasions, swelling, lameness and disease.
Whilst Intershape will continue to operate as an independent business, there are significant synergies with existing Milbank Group company Silostop Agri that will strengthen and secure the future of both companies.
It is intended that the Intershape brand will eventually join Silostop Agri’s umbrella of agricultural solutions, from precast concrete silage clamps to silage films and covers, windbreaks and blinds and gravel bags.
The amalgamation will introduce exciting opportunities to offer a complete range of products to new and existing markets, making Intershape a prime acquisition for the team at Silostop Agri.
This new venture will encapsulate a complete solution for dairy farmers, enabling them to feed their livestock with the best quality silage whilst looking after their animals with the best comfort equipment, helping to produce the best possible milk and increasing the bottom line.
Tim Brewer, Managing Director of Silostop Agri, will take on the running of Intershape with immediate effect whilst remaining to uphold his duties at Silostop Agri.
As part of the Milbank Group, Intershape joins Milbank Concrete Products, Sui Generis International, Cadman Cranes, Silostop Agri, Orion Future Technology, Nicola Jane and Xanthos Digital.
East of England professional advisers featured large in the latest transaction: The acquisition was led by Prism Corporate Broking, Birketts Solicitors and Ensors Chartered Accountants (Tax Due Diligence). Intershape was advised by HCR Hewitsons.