Broughton Lubricants acquired by Certas Energy

Walton Summit-based Broughton Lubricants has been acquired by Certas Energy.

The company is a long-standing distributor of industrial and automotive lubricants. It employs 24 and distributes Castrol and other industrial products across the UK.

The Hodge family, which currently owns Broughton Lubricants, will exit as part of the transaction.

David Hodge, CEO, said: "This transaction will allow the business to build on the continuous growth of the last few years.

"Certas Energy are gaining an excellent team to continue offering the same excellent service which the customers have come accustomed to and are now well placed in the UK to grow the market share even more. I wish all our staff and customers best wishes for the future."

Certas Energy is a subsidiary of FTSE 100-listed sales, marketing and distribution firm DCC PLC. Certas, based in Warrington, employs around 2,300 UK staff, and is an independent distributor of fuel and lubricants.

Tony Stewart, managing director, European lubricants, Certas Energy, said: "We believe that this acquisition will create value both for Certas Energy and our customers. It will strengthen our position in the industrial lubricants market, which is an important part of our strategic vision for the future."

Broughton Lubricants was advised on the sale by accountancy and business advisory firm MHA Moore and Smalley. The transaction team was led by Ian Waddingham (corporate finance senior manager) along with Paul Williams (partner) and David Hackett (tax director). 

Harrison Drury provided legal advice to Broughton Lubricants on the deal. The deal team included corporate solicitor Jack Stephenson, employment specialist Kate Shawcross and property specialist Amanda Marwood.

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