Bin specialist Taylor sold to investment firm for £15m
Waste container manufacturer Egbert H Taylor & Co has been acquired by investment team Sullivan Street Partners and Oakfield Capital for £15m.
Taylor designs and manufactures four-wheeled steel waste and recycling container systems. The company will continue to operate from its existing headquarters and production site in the West Midlands, where there is significant room for expansion.
David Williams, who has worked in the management team at Taylor since 2006 and is now the new CEO, said: "We have worked hard to develop a lean and competitive business, the task now is to move forwards with fresh investment and a new development and expansion plan.
"We have been fortunate to find a hands-on investor willing to get involved, it means that key decisions can be made faster, in turn making the company more flexible. With the market in flux we are now able to react very quickly to customer needs and opportunities."
Peter Selkirk, formerly Taylor CEO and now chairman, added: "We are delighted to partner with Sullivan Street Partners. The team has been linked with Taylor in a consultancy role for some time now and this has meant they have a good understanding of both the business and the sector, which, linked with their hands-on analytical approach means they can add real value from day one."