The Corporate Finance team at Pierce Business Advisory and Accountancy Group in Blackburn, led by Director Kevin Steven, advised the shareholders of Bolton-based CAS Products on the successful sale to global company Atlas Copco.
CAS Products, based in Bolton, is a distributor of industrial air compressors, accessories and parts including services. A family business with over 35 years of experience in compressed air solutions and a loyal Pierce customer for many years. The company maintains the highest standards with 6 highly skilled engineers trained to service all compressors and experienced pipe fitters.
Atlas Copco, a global industrial company located in Stockholm, Sweden, is an ambitious, market-leading and innovative company, Atlas Copco has approximately 43,000 employees and customers in more than 180 countries with a mission to achieve sustainable and profitable growth with a long-term perspective while supporting their own clients in their ambitions.
Managing Director Tony Leyland said: “In considering a divestiture of the company, we wanted to ensure that the acquirer shared our vision of delivering world-class products and working to the highest ethical standards. It was clear from our discussions with Atlas Copco that they will continue to invest in the business to provide exceptional customer service, and the CAS business is secure moving forward.
The acquisition of CAS Products by Atlas Copco will be a welcome addition to the existing services division within the Compressor Technique business area.
The company’s Chief Financial Officer, Kevin Steven, said, “We are delighted to have supported the CAS shareholder in its sale to Atlas Copco. As CAS is a key distributor of Atlas Copco brands, the acquisition allows for a seamless transfer to customers and staff, which has been a key shareholder requirement for what has been a family business for nearly 40 years.
“Shareholders will remain in the business to provide a successful new chapter in CAS’s already long history. We wish all parties good luck in the future.”