Guttridge Sold To Mitchells Group
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Bishopsgate advised bulk materials handling provider, Guttridge, on the sale to China based Mitchells Group.
Based in Spalding, Lincolnshire, Guttridge employs 100 people and supplies bulk handling equipment and solutions to a wide range of European and global companies.
Privately owned Mitchells is one of the world’s largest bulk material handling manufacturers, supplying specialist conveying solutions and handling equipment to agri-food companies worldwide.
The deal will see the combined revenue of both companies surpass $30 million.
The acquisition vastly increases Mitchells scope and engineering capacity which already sees the Group service customers in six of the world’s seven continents, with equipment installed in 46 countries.
The deal will expand the breadth of Mitchells Group’s service offering, allowing it to supply small capacity systems to local farmland through to large commercial port terminals.
Established in 1962 and employing 100 people, Guttridge will retain its name and continue to trade as part of the Mitchells Group.
Bishopsgate Advisors
Ed Wesson
James McBain Allan
Mic Mittasch – CEO, Mitchells Group
The acquisition of Guttridge is a significant milestone in the continued growth of Mitchells and our forever expanding bulk handling capacities.
As a Group, we are now in a stronger position globally to offer our customers a much wider scope and range of products, particularly for projects requiring smaller capacities which is in growing demand in developing economies which is a strong focus of the Group.
The synergy of both companies, more than anything, made the acquisition most attractive. With our current and future customers in mind, we see the deal as a giant step to support even more customers in expanding territories and cater to more industries – specifically biomass, waste, recycling, chemicals and minerals.
We look forward to the beginning of a strong and successful relationship with Guttridge and its employees.
In 13 years of Australian ownership, Mitchells has grown from a small original equipment manufacturer in China, supplying solutions to customers in Asia and North America, to a leading global brand supplying material handling equipment to the world’s largest agri-food companies.
Peter Guttridge – Chairmain, Guttridge
We are delighted with the acquisition and joining Mitchells Group marks a culmination of 50 years of hard-work and continued high-quality design and build of bespoke handling solutions.
The deal will allow us to support both new and existing customers with a greater range and scope of products and materials, ensuring we provide the highest quality to meet their needs.
The high-level of skilled engineers and technicians in global locations at both companies compliment each other and by working together we can further establish our global presence and become true leaders in our field.
The future looks incredibly bright and we’re looking forward to a prosperous and successful relationship with Mitchells.
Operating in 46 countries, across six continents, Mitchells Group is one of the world’s largest bulk material handling companies, designing and manufacturing bespoke solutions to support a vast range dry material handling needs.
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