Taylor Sold For 15 Million Pounds

19 October 2011

Egbert H Taylor & Company Limited has been sold to investment firm, Sullivan Street Partners for £15m

Taylor, the design and manufacturer of 4-wheeled steel waste and recycling container systems, announced it was in the right position to move from a large investment group to one with more hands-on experience and day-to-day involvement in order to keep the business agile and bring new investment for the next phase of expansion.

Newly appointed CEO, David Williams, said, "We have worked hard to develop a lean and competitive business, the task now is to move forwards with fresh investment and a new development and expansion plan.

"With the market in flux we are now able to react very quickly to customer needs and opportunities, improving both customer service and business performance."

Taylor will continue to operate from the existing Oak Park HQ, logistics centre and manufacturing site in the West Midlands; the company has a long-term lease on the facilities and significant room for expansion at the site.

Williams added: "From a local interest point of view this acquisition means that Taylor retains its independence and existing growth plans can be put into effect. This will equate to more business, providing not only job protection for the existing workforce but almost certainly employment prospects for skilled local people in the future."

Peter Selkirk, formerly Taylor CEO and now Chairman, commented: "We are absolutely delighted to partner with Sullivan Street Partners. The team has been linked with Taylor in a consultancy role for some time now and this has meant they have a good understanding of both the business and the sector, which, linked with their hands-on analytical approach means they can add real value from day one."

Richard Sanders, Partner at Sullivan Street, said: "Our existing involvement in environmental services companies helped to identify the Taylor Group as an attractive asset with a tremendous position in the UK.

"The unique focus that Sullivan Street Partners provides will enable Taylor to rapidly accelerate its growth plans in both the UK and overseas".

www.taylorbins.co.uk

www.sullivanstreet.co.uk

Darrel Moore