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JMF buys up Boalloy
Page 9
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BOALLOY HOLDINGS, the Cheshire-based bodybuilder and trailer manufacturer, has been bought by Northern Irish steel fabrication specialist JMF for an undisclosed sum.
Boalloy, which also owns M&G Trailers, will continue to operate from its Congleton base and he run by the current management team, headed by MD Jim Gibb. Gibb, with directors David Hancock and Russ Adams, led a secondary buyout of Boalloy Holdings in July 2005.
..We'd been talking with JMF for a number of months regarding supply of trailer chassis from ConceptTrailers, a JMF subsidiary." he says. "We had some extra capacity requirements, and rather than invest. in extra overtime and additional overheads at our M&G trailer plant, we were looking to outsource.
"These discussions led us to consider a sale of M&G, but then JMF asked if the complete group was available for acquisition.
Boalloy'sTautliner bodybuilding business at Congleton and the M&G plant at Lye are not affected by the acquisition. Gibb expects Concept Trailers to be integrated into M&G,giving the new company an annual capacity of 4,000 trailers.