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Sale of Shering Weighing - 15th August 2014 - Click for larger version Sale of Shering Weighing - 15th August 2014

Macdonald Henderson is delighted to have acted in the sale of the entire share capital of Shering Weighing Limited to Precia-Molen.

Shering Weighing, based in Dunfermline, Fife, is one of the most renowned weighbridge manufacturing companies in the UK and was founded in 1946.

The company enjoys a large client base gained over many years comprising both product sales and maintenance contracts in both export and domestic markets. This success is based on the provision of high quality products and a successful management team. It is anticipated that Shering’s annual turnover in 2014 will be in excess of £3 million.

Precia-Molen designs, manufactures, markets and maintains industrial weighing solutions and systems, both static and dynamic, including continuous weighing and dosing systems, to a wide range of industries and is listed on NYSE Euronext's C compartment in Paris.

Majority shareholder and outgoing managing director Doug Shering commented:

“On personal recommendation we chose to work with Macdonald Henderson regarding the acquisition of our business, this decision proved to be an excellent choice. During the course of the process which at times had issues to overcome, I found them to be supportive and offered good constructive guidance on the way forward. We successfully completed our transaction which was within an extremely tight window and I would not hesitate in recommending the firm’s services”.

We are delighted to have been instructed in this exciting transaction which sees a great outcome for the shareholders of the company, whilst at the same time enables the Precia-Molen group to operate a local and efficient manufacturing base to serve the UK market place.

Gateley LLP acted for Precia-Molen, with Consilium providing corporate accountancy advice to the sellers.

Last updated: 1.43pm, Tuesday 26th August 2014

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