Listed Japanese conglomerate, Marubeni Corporation, is to divest Spaldings to UK-based investment firm, Inspirit Capital.
Established in 1956, Spaldings has grown to be one of the UK and Ireland’s largest distributors of tillage aftermarket equipment, as well as an emerging player in professional groundcare, forestry and industrial products.
Inspirit Capital is a London-based investment firm that specialises in acquiring businesses that are no longer core to their parent company’s strategic objectives and require a different ownership structure to achieve their full potential.
As part of the transaction, the business will also benefit from a funding line with Leumi ABL in excess of £10million.
