ABRASIVES SALE PROVES TO BE A SMOOTH PROCESS
Tool parts suppliers Abrasives For Industry Ltd and Right Lines Ltd have been sold in a deal overseen by KBS Corporate.
Tool parts suppliers Abrasives For Industry Ltd and Right Lines Ltd have been sold in a deal overseen by Will Griffiths, KBS Corporate Deal Executive.
Trading under the names of Abrasives World and Right Lines, the companies are direct mail order and online sellers of abrasive technology products including drill bits, metal cutting devices, sanding discs and polishing products.
Company directors Richard and Julia Robbins were looking to retire and have duly done so thanks to the sale of the businesses to the Premium Tools Group Ltd, based in Baildon, West Yorkshire.
The respective product ranges complement those of the acquirer which trades under the name of Rowland Tools, also a specialist in lubrication equipment, inspection tools and clamping tools.
Describing the acquisition market appeal of Abrasives For Industry and Right Lines, Will Griffiths said: “Intellectual property held within their own brand is certainly attractive.
“It was a smooth transaction with both parties achieving what they were looking for.”