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SHAFTEC TO ACCELERATE EUROPEAN GROWTH FUELLED BY INVESTMENT FROM ARDENTON CAPITAL

19/12/2018

SHAFTEC TO ACCELERATE EUROPEAN GROWTH FUELLED BY INVESTMENT FROM ARDENTON CAPITAL 
 

Birmingham, UK, DECEMBER 12TH 2018 –Shaftec has today announced that long-term investment company Ardenton Capital is to invest in its business. This will allow the UK’s leading remanufacturer of Transmission, Braking & Steering components to accelerate its business growth further into new European markets and extend brand awareness, while continuing provide excellent customer service to its existing loyal customer base.
 
Shaftec Managing Director, Robert Jones, who founded the business 23 years ago, commented: “Whilst it’s business as usual for our customers - these are exciting times for Shaftec. The investment from Ardenton Capital will help support the business as we develop our strategic vision for the brand and implement our expansion plans into new European markets. Sharing our ethos for long term, sustainable growth - Ardenton are our partner of choice.”
 
Iain Marlow, Director of Ardenton UK, said: “We seek to partner with exceptional management teams who demonstrate a clear passion for their business and are committed to long term and sustainable growth. Shaftec is a true market leader and its success to date is a testament to the operational excellence and dedication of its management team.”
 
Tom Curtis, Shaftec Sales Director added: “We pride ourselves on being able to offer the largest product range and combine this with unrivalled customer service and technical support. We look forward to working alongside Ardenton to grow the business further.”
 
Shaftec has been supplying remanufactured and new parts to the motor trade for more than 20 years. With 130 employees, the business operates from its 42,000 sqft facility in Birmingham where it remanufactures and distributes products around the UK and Europe.
 
Ardenton targets majority investments in businesses alongside strong incumbent management teams seeking support in delivering long-term sustainable growth for their businesses. Ardenton has been active in the West Midlands since the Canadian-based investor established its first overseas office in the UK in early 2017. Led by experienced dealmakers Iain Marlow and Michael Bradbury, previous West Midlands acquisitions include Corbett’s the Galvanizer and PP Control & Automation based in Telford.
 
 
Ends
Ardenton Capital Corporation: is a global private business investment corporation, focused on meaningful business partnerships and long-term growth. Investing alongside passionate owners and management teams, Ardenton acquires controlling stakes in profitable, well-established, cash-flowing private businesses. Ardenton works to remove constraints for its business partners and provides operating and financial support with a long-term view on value creation. Ardenton has offices in Canada (Vancouver, Edmonton, Toronto, Guelph), the United States (Dallas, Philadelphia, Chicago) and the United Kingdom (Manchester, London). 
 
About Shaftec
With more than 500 distributors, the business supplies: Remanufactured & New components consisting of: Driveshafts; Brake Calipers; Hydraulic Steering Racks & Pumps – with a growing focus on Electric Power Steering (EPS) components, along with CV Joints and boot kits for passenger cars (PC) and light commercial vehicles (LCV) to motor factors and distributors across the UK & European aftermarket.
 
The company was founded in 1979 and the Shaftec brand introduced in 1995. The midlands-based business is believed to have been the first UK remanufacturer of CV joints & driveshafts and is now firmly recognized as the market leader in the remanufacturing sector.
 
The Company has focused on its UK distribution for the last 20 years but is now looking to expand the Shaftec brand into the rest of the European aftermarket through European buying groups and independent distributors.
 
For further information, please visit: www.shaftec.com