10 September 1999

Stanhay Webb deal

SEED drill specialist company Stanhay Webb of Exning, Newmarket, is now under new ownership after a buy-out deal.

Now headed by chief executive and main shareholder, Colin Love, new board members have been appointed in the sales, technical and finance departments.

The buy-out deal – for an undisclosed sum – was financed by Nat West which provided a complete funding package, including medium term debt and working capital facilities.

Two former shareholders, Mike Heywood and Allan Marshall are reported to be staying on for a time with the company to act as consultants and help ensure a smooth transition. &#42