".. Brammer�s product range is the largest and most comprehensive of any Maintenance, Repair and Overhaul (MRO) supplier in Europe. With over 2,100,000 product lines available from the world�s most respected and reliable manufacturers, we supply top quality bearings, belts & pulleys, chains & sprockets, linear motion, motors, seals, gearboxes, pneumatics, hydraulics, clutches & couplings, tools & maintenance and health & safety products for your key production and operational processes..."

Aerospace, Automotive, Chemicals, Construction & Aggregates, Food & Drink, Glass, Health & Safety, Metals, Petroleum, Pharmaceuticals, Pulp, Paper & Packaging, Recycling Industry, Transport, Utilities..

Might perhaps be regarded as one of those companies that benefit from supplying increased numbers of parts and machine components to a cross section of industries whenever industrial recovery or growth is under way. Share price has surged and plunged a few times in the past.

Established in 1920, Brammer employs over 2500 people in more than 300 locations in 16 countries.

company history

Company website

StockMarketWire.com
Brammer has agreed a cash offer 165 pence per share from AI Robin, a wholly-owned subsidiary of funds managed by Advent International Corporation.

The offer, which values the company at £221.5 million, represents a premium of approximately 69.2% to last night's closing price of 97.5 pence.

Brammer said the recent strategic review of its business, initiated by the board, has confirmed a number of key strengths of the group and also identified a number of material operational issues and the key actions needed to address these issues.

The Board of Brammer has considered that addressing the operational issues to deliver a turnaround of the business as a listed company would be complex, require significant structural and behavioural changes, incur significant cash reorganisation costs and take at least three years to implement and would, therefore, carry significant execution risk and uncertainty for a public company.

The Board of Brammer also recognises the financial and commercial value of the partnership with Advent given the latter's operational expertise and significant experience in the distribution and power manufacturing sectors. In addition, Advent's significant equity investment will greatly reduce the Company's debt burden, thereby improving Brammer's operational flexibility.

The Board of Brammer therefore believes that the Offer provides increased value and certainty for Brammer Shareholders compared with the risk-adjusted potential value that could be delivered by the actions designed to turnaround the business as a listed company, which itself is conditional upon a significant refinancing of the Brammer Group.