Indutrade Announce Acquisition of Ellard Ltd Feb 2017
Swedish group INDUTRADE has acquired Ellard Ltd, one of the UK’s leading suppliers of motors and accessories for all types of Industrial, Commercial and Residential Doors. Indutrade is a rapidly growing group, consisting of over 230 companies with a combined turnover in excess of £1 billion and is listed on NASDAQ, the Swedish Stock Exchange.
Ellard Ltd, approaching a £10 million turnover, was originally formed in 1952, predominantly selling Sliding Door Track systems. In the late 1990’s Ellard diversified into the Door Drive sector and is now a well-established and trusted supplier.
2013 saw Ellard secure exclusive distributor rights for the UK and Eire to sell gates and barriers from the well-known Italian manufacture V2. From its new base near Manchester Airport, Ellard has seen significant growth in its sales and is now the largest supplier in the UK. Announcing the acquisition Ellard’s Managing Director, David Lewis, said.
“This is fantastic news for Ellard. Indutrade are an ideal partner for our business. The financial stability they bring will now allow us to pursue a number of exciting projects designed to improve product quality whilst maintaining excellent value for money. Our customers will see no changes in how the business operates; Indutrade’s style is one of a decentralised management model, they put faith in the people responsible for managing the business to do exactly that. Ellard will continue to offer our customers the highest levels of service in the industry, from your first enquiry to after sales support. Find out more about Ellard at www.ellard.co.uk
