HAYNES PUBLISHING UP FOR SALE

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.

Haynes published its first manual in 1960

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.”

 

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

EXOL RENEWS RUGBY SPONSORSHIP

Lubricant supply re-signs deal with Worcester Warriors

Read More

EMINOX SCOOP QUEENS AWARD

Emissions firm presented with gong for International Trade

Read More

STUDY: 14m UK CARS HAVE SOME FORM OF DAMAGE

The majority of UK light vehicles have some form of damage, says insurance study

Read More

IAAF ADDS DAL CORSO TO MEMBERSHIP

Change management consultancy joins aftermarket federation

Read More

PEOPLE NEWS: RICHARD DAVIES JOINS WAI

Davies joins as Business Development Manager

Read More

Go to comments

Your email address will not be published. Required fields are marked *