John Wolz
Lilleshall plc was acquired for cash by Wyko Investments Ltd.
Lilleshall owns Serco Ryan, a major UK fastener and component distributor to OEMs. Wyko is a subsidiary of Perdix Investments Ltd.
Wyko said the deal will increase the Perdix group�s capabilities significantly in the distribution of industrial fasteners. �The Perdix directors believe that the acquisition will also provide the potential for increased revenues through cross-selling of both Lilleshall�s and Wyko�s products and will assist in winning contracts from larger customers by widening the enlarged group�s product range,� according to a Wyko statement. Perdix CEO Richard Johnson said addition of the Serco-Ryan product range will significantly strengthen Wyko Industrial Services, providing a wider range of products and services and a national base.\
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