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EC invests £84 million in one stop buyout of Avery

European Capital (EC) has announced an £84 million investment in the one stop buyout of Avery Weigh-Tronix Holdings (AWT).

AWT designs and manufactures weighing products and systems which are used to monitor and control the movement of bulk materials across industry, in manufacturing, extraction, landfill and recycling applications.

EC managing director Simon Henderson said: AWT is one of only a few global competitors in the marketplace, holding a leading share in the core stable UK and US weighing markets and in most of the niches in which it participates. This makes Avery an especially appealing investment opportunity for EC.

With its headquarters in Birmingham, UK, AWT also provides aftermarket support services for its weighing products through one of the industrys largest accredited service networks of over 1,000 global service technicians and over 400 distributor locations to an installed base of nearly 750,000 units.

AWT chief executive Gerald Bowe said: EC is precisely the investment partner we need to move forward with our growth plans. This new partnership will add great value to AWT in the near future and will better position us to excel in our target markets.

We are looking forward to continuing to serve our customers with world-class products that can be tailored and combined with a systems package to suit their specific requirements.

Under several of the weight products and systems industrys most respected brand names, including Salter Brecknell, Dillon and Avery Berkel, AWT has operated since 1731.

EC director Giles Cheek added: AWT has developed a strong reputation for high quality products and premier customer service together with longstanding customer relationships across a variety of industries and geographies.

We are looking forward to working with management to build on those relationships and supporting the company through the next stage of its development.
The deal was concluded as a one stop buyout- the first buyout completed by ECs London office.

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