Naylor Deal receives award

The share buyout and rebanking of Barnsley/Cawthorne based Naylor Industries was recognised as Large (over £5m) Deal of the Year in the prestigious 2013 South Yorkshire Dealmakers awards. Naylor Industries is a £37m turnover business which primarily manufactures construction products- pipes and concrete products- at sites in South and West Yorkshire, Fife and the West Midlands. In January 2013, Edward Naylor and two fellow directors acquired the 35% stake formerly held by venture capitalist South Yorkshire Investment Fund, allowing the venture capitalist to achieve a two times return on its original 2008 stake. Chairman David Fletcher, Finance Director Andy Trippitt and CEO Edward Naylor accepted the award at a Gala Dinner at Sheffield’s Mercure Hotel on 20 June. CEO Edward Naylor commented “we’re very pleased to receive this recognition. We’re particularly grateful for SYIF’s support over the period of their involvement and the £14m finance package provided by HSBC which allowed this complex transaction to happen”.    Naylor has had a good start to trading in 2013, helped by the export of specialised clay drainage products to South East Asia and the Gulf. Photo shows David Fletcher, Andy Trippitt and Edward Naylor with Lee Bloodworth from HSBC whose arrangements facilitated the transaction.