Wake Smith Solicitors and Shorts Corporate Finance have advised the shareholders of long term client Moody Direct Ltd on its sale to leading industrial pump and equipment suppliers and engineers, AxFlow UK.
Moody, which has been a client of Wake Smith for more than two decades, supplies solutions and services to the dairy, food and beverage, brewery, chemical, and pharmaceutical sectors, and is headquartered in Retford.
It now becomes part of the Swedish owned Axel Johnson AB Group allowing access to opportunities across the globe.
Rebecca Robinson, director of the company commercial team at Wake Smith Solicitors, said “It was a privilege to act on this transaction. Wake Smith has acted for the Moody group for over 20 years, so it was a real pleasure to be able to assist the shareholders in achieving a successful exit after all their years of hard work and dedication to the business.”
“Moody’s success has been built on technical expertise and a commitment to customer satisfaction,” said Ken Wild, director of Moody.
"Joining forces with AxFlow UK not only strengthens our ability to serve customers in our core segments of F&B and Dairy but also opens up new avenues for growth, particularly in the processing industries."
“We are thrilled to welcome Moody to the AxFlow family," said Neil Langdown, managing director of AxFlow UK.
"Their expertise in hygienic sales & servicing and reputation for best-in-class customer service will strengthen AxFlow’s existing position in the UK. Moreover, this will enhance our on-site service capability and enable us to offer our customers a comprehensive service offering for homogenisers, separators and plate heat exchangers.”
Andy Ryder from Shorts said its team had enjoyed working on the international deal and looked forward to hearing of the continued success of the business.
Moody Direct is a leading, specialist supplier of spares, components, projects and service covering a broad range of hygienic equipment. These include pumps, valves, homogenisers, separators and heat exchangers. This complements AxFlow’s expertise, providing a robust platform to introduce AxFlow’s fluid-handling product portfolio to a wider customer base.
Are you looking to acquire a business or sell yours? Contact Wake Smith’s company commercial team for further information on 0114 266 6660.
