Advising on the sale of Clyde Pneumatic Conveying Limited

Clyde Pneumatic Conveying Limited (“Clyde”) is a leading supplier of products and systems for pneumatic conveying primarily to the process and energy industries. The company operates globally and has extensive experience of complex projects where it also offers aftermarket services. The company is headquartered in Doncaster with 49 employees, generating sales of c.£12 million. On 26 April 2023, Addtech AB acquired 100% ownership of Clyde and with its deep technical application knowledge, Clyde will complement Addtech’s business unit Process Systems.

Clyde was advised on the sale by Oliver Hoffman, Arran Smedley, Thomas Wrigglesworth and Chloe Ellis from Mazars (M&A Deal Advisory & Tax Advisory) and Philip Goldsborough, Victoria Inness and Josh Temple from Knights Leeds Corporate team (Legal).

Oliver Hoffman, National Head of M&A at Mazars, said

Clyde is another fantastic example of the demand for strong entrepreneurial businesses in the Yorkshire market. The transaction reflects a great success story for the shareholders, and we were thrilled to be able to support them through the process

Victoria Inness, Partner at Knights said:

It was a pleasure to work with Steve Cragg, Miles Ratcliffe and the selling shareholders and advise them on this important transaction.  The growth of the business has been hugely impressive over the past three years and we know from our experience advising in the sector that there are huge opportunities ahead as the energy transition gathers pace.  We also really enjoyed working with the team at Mazars

Steve Cragg, Managing Director and former Shareholder of Clyde said:

We chose Mazars to represent us for many reasons one of which was to access their international network. In Addtech, they found a buyer that is an excellent fit that will enable further growth and development of the Company. The Mazars and Knights teams guided us through the sale process with professionalism, responsiveness and plenty of smiles and were great to work with