A South Yorkshire manufacturer that supplies quarry, mining and mineral processing businesses has been acquired in a management buyout (MBO).
Don Valley Engineering, established in 1947, specialises in the design and manufacture of screens, feeders and centrifuges for the heavy bulk materials handling markets and is said to be one of only two companies within Europe capable of providing a complete in-house service for every aspect of the maltings process.
The Doncaster-based company is also the preferred supplier to a number of global quarry, mining and mineral processing businesses.
Roger Allan, previously the managing director of the company and representative of the shareholders throughout the transaction, said: "I am delighted that the future of the company and the employees has been cemented under the management team. It was important to me for the firm's excellent reputation to be maintained and their knowledge of the business will ensure that it continues to grow and succeed in the future."
The shareholders of Don Valley Engineering Holdings were advised on the MBO by corporate finance advisors Andrew Rose and Stuart Jobbins of Murray Harcourt.
Rose added: "Murray Harcourt are delighted to have been able to assist Roger and the shareholders of this iconic Yorkshire business to realise an exit in a manner which assures the future prosperity of the business. This again demonstrates our commitment to achieving great results for our clients and builds on our existing credentials in the engineering sector."