GIL Investments Limited (“GIL Investments”) announces it has completed the acquisition of Monks & Crane Industrial Group Limited (“Monks & Crane”) from Adolf Würth GmbH & Co. KG (“Würth”), an industrial group headquartered in Germany.
Wednesbury, West Midlands headquartered Monks & Crane is a £42m-turnover business which commenced trading in 1862 as a file manufacturer and now supplies maintenance products, hand and power tools, safety equipment and protective clothing to sectors including aerospace, marine and oil and gas from a network of branches across the UK.
Funding was provided by Close Brothers. Acting for GIL Investments were Gateley PLC who provided legal advice and Mazars LLP who provided financial due diligence. Freeths LLP provided legal advice to Würth.