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Rosemary Penn-Newman
Hayter completes Allen Hover Mower deal
Lawnmower manufacturer Hayter has strengthened its offering after buying the Allen Hover Mower business for an undisclosed sum.
The company was sold by family firm APEL Holdings in a deal that ends its 140 year association with the business.
APEL’s lead adviser was Fanshawe Lofts, led by partner and corporate finance specialist Rosemary Penn-Newman.
Penn-Newman said the deal works both for Hayter and APEL. “Hayter obtains a product and brand that is the market leader in its niche which strengthens its product line. Meanwhile, APEL is a step closer to fulfilling its divestment strategy. It has proved to be an exciting and worthwhile transaction to facilitate.”
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