Kelso & Lothian Harvesters Ltd Sold in Deal Advised by KBS Corporate
Supplier and servicer of agricultural machinery, Kelso & Lothian Harvesters Limited was acquired by Scot JCB for an undisclosed sum.
The full share sale was completed by KBS Corporate within three months of an offer being accepted in May 2014 and the Haddington based business, established by Robert Reid, will still trade as Kelso & Lothian and be added to a network of ten depots as a trading division of Scot JCB.
All members of staff, including the vendor, were retained after the acquisition as Scot JCB aims to increase their market share within Scotland. The vendor chose to pursue the offer from Scot JCB despite a number of interested parties, all of which were identified and targeted by KBS Corporate.