Quercus completes sale of precision engineering business

September 20, 2016
Andrew Clegg

Quercus Corporate Finance is delighted to announce the sale of AWC Industries Limited to Sertec Group Limited.

The Quercus team, led by Amanda Hall, advised the shareholders of AWC Industries Limited (“AWC”) on the sale of the group to Sertec Group Limited, for an undisclosed sum.

AWC is a market-leading precision engineering business which provides technically challenging flat and round metal components for the European automotive industry. The group, which can trace its history back to 1919, employs over 700 staff across its modern facilities in the UK, Germany and Hungary.

Amanda Hall, said:

“With over 70% of AWC’s products being sold into Europe the business is highly dependent on this market place. This deal shows UK businesses with a strong European presence continue to be highly attractive post Brexit. I am delighted to have led the team advising the shareholders  in realizing the considerable commitment and investment they have made in AWC over the last 13 years.”

Allan Cook, founder and majority shareholder of AWC added:

"I believe this is an excellent deal for both the shareholders of AWC and Sertec. We know that we have found a buyer that shares the same family owned values we instilled in AWC. In turn AWC offers Sertec access to additional products, customers and international reach. The advice provided by Amanda and the team at Quercus Corporate Finance was first class; their commercially focused, hands on approach and tireless commitment to achieving an excellent result made all difference and we are delighted with the result."

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