AxFlow UK, a leader in fluid handling solutions, is excited to announce the acquisition of Moody Direct, a long-established supplier of solutions and services to the dairy, food & beverage, brewery, chemical, and pharmaceutical sectors headquartered in Retford.
Shorts’ Corporate Finance team were lead advisers to Moody Direct and Wake Smith solicitors provided legal advice to the sellers.
Quotes from the companies
“We are thrilled to welcome Moody to the AxFlow family," said Neil Langdown, Managing Director of AxFlow UK. "Their expertise in hygienic sales & servicing and reputation for best-in-class customer service will strengthen AxFlow’s existing position in the UK. Moreover, this will enhance our onsite service capability and enable us to offer our customers a comprehensive service offering for homogenisers, separators and plate heat exchangers.”
“Moody’s success has been built on technical expertise and a commitment to customer satisfaction,” noted Ken Wild, Director of Moody. "Joining forces with AxFlow UK not only strengthens our ability to serve customers in our core segments of F&B and Dairy but also opens up new avenues for growth, particularly in the processing industries."
Shorts' involvement in the transaction
Andy Ryder, Corporate Finance Partner at Shorts, said:
“We are delighted to have successfully concluded this transaction on behalf of the owners of Moody Direct, Ken and David. It has been a pleasure for our team of myself, Adam Ames, Brian Gooch and Ahad Choudry to work with them on this international deal and we look forward to hearing of the continued success of this great business as it becomes part of the Swedish owned Axel Johnson AB Group, giving it access to further fantastic opportunities.”
Rebecca Robinson said: “It was a privilege to act on this transaction. Wake Smith has acted for the Moody group for over 20 years, so it was a real pleasure to be able to assist the shareholders in achieving a successful exit after all their years of hard work and dedication to the business."
What is Moody Direct?
Moody Direct is a leading, specialist supplier of spares, components, projects and service covering a broad range of hygienic equipment. These include pumps, valves, homogenisers, separators and heat exchangers. This complements AxFlow’s expertise, providing a robust platform to introduce AxFlow’s fluid-handling product portfolio to a wider customer base.
Tags: Corporate Finance
