Axel Johnson International acquires Town & County Engineering Services
Axel Johnson International is strengthening its position in the UK market as a supplier of products and services to industrial customers by acquiring Town & County Engineering Services Ltd. With the acquisition, Town and County becomes a subsidiary of Acorn Industrial Services Group (AIS), part of Axel Johnson International’s business group Industrial Solutions. The transaction closed July 14, 2017.
Town & County supplies bearings, power transmission products, conveyor belting, consumables and related services primarily to customers in the Eastern part of the UK with a focus on the food and beverage industry.
“AIS Group have been interested in expanding eastward for some time, so Town & County is an excellent geographic complement,” says Ola Sjölin, Managing Director of Industrial Solutions. “I see Town & County’s complete conveyor belt offering opening significant new opportunities for the company as a whole.”
Town & County’s 16 employees service approximately 300 active customers from a single location in Pinchbeck, near Spalding.
“Town & County’s knowledge and expertise have attracted an extremely loyal client base with many relationships lasting over 20 years,” says Glenn Campbell, TCES General Manager. “The Company will continue to run with a family business feel providing continuity to all our partners and employees. We can now look forward to a second, exciting chapter in TCES’s history.”
Rotherham-based Acorn Industrial Services Group is a distributor of bearings, linear systems, power transmission and related services. Axel Johnson International acquired it in December 2015. Founded in 1983, the company has grown into a respected industrial parts distributor of quality products from industry leading manufacturers. Acorn is well-known for its high technical competence, excellent logistics and market leading e-commerce platform. Annual sales amount to GBP 25 million, and it has approximately 100 employees, nine sales branches throughout the UK and an e-commerce platform supporting customers throughout Europe.
For further information, please contact:
Hans Glemstedt, Head of Strategy and M&A, Axel Johnson International,
+46 (0)8 453 77 41, hans.glemstedt@axinter.com
Ola Sjölin, Managing Director Industrial Solutions, Axel Johnson International,
+46 (0)8 453 77 25, ola.sjolin@axinter.com
Viktor Skargren
Project Manager Strategy & Communication
viktor.skargren@axinter.com
Axel Johnson International is a privately owned Swedish industrial group of more than 90 companies in 25 countries, with combined annual sales of €750 million. We drive business development and growth through a long-term approach to ownership in strategic niche markets, primarily technical components and solutions for industrial processes. Axel Johnson International is organised in four business groups: Cargo Securing Solutions, Fluid Handling Solutions, Industrial Solutions and Lifting Solutions.