The board of Haynes Publishing Group has announced that it is embarking upon a formal sale process to sell the entire issued share capital of the company, including subsidiaries.
Management have assured staff that operations will continue as normal while a buyer is sought. In recent years the firm has transitioned from being a publisher of mainly printed manuals into a company that distributes technical data over multiple platforms.
This announcement comes a year after the death of company founder, John Haynes. The firm has appointed Europa Partners as financial adviser to conduct the formal sale process.
Eddie Bell, Chief Executive of Haynes Publishing Group said: “Our founder, John Haynes died this year; one year before the Company’s 60th anniversary in 2020. The Board now believes our future will be best secured by the whole Group becoming part of an organisation with the financial resources to invest for future expansion and take the Company through to the next 60 years of success.”
“Following this morning’s announcement staff in all our operations worldwide are being briefed by Executive Management today. The Company will carry on operating business as usual during the sale process securing a bright, new future for the Group, our management, staff, suppliers and customers worldwide.”