Edbro Hydraulics

We’re pleased to have supported Bolton-based hydraulics specialist, Edbro, on its sale to Turkish manufacturer Orsan Automotive (Orsan).

Established in 1916, Edbro is one of Europe’s leading manufacturers of hydraulic cylinders for the ‘on-road’ tipper truck market and other ‘off-road’ applications. It employs more than 140 people at its 220,000 sq ft production facility in Bolton, where it also houses a world-class research and development capability that has delivered 53 patented designs.

Orsan is a wholly-owned subsidiary of Orsan Industries Incorporated – a Turkish-headquartered group with sites in Turkey and Mexico – specialising in the production of component parts for heavy duty vehicles, including pneumatic braking and suspension systems.

Our Manchester team, led by Director Alex Starling and supported by Assistant Manager Rhain Davies, was appointed as Edbro’s sell-side advisers by Enact, the SME platform of private equity investor Endless.

Alex Starling, Director at FRP Corporate Finance, said: “Edbro is a true leader in its field – serving an international customer base for over 100 years and driving innovation in its sector.

“This deal represents a significant opportunity for the business to further this legacy by leveraging Orsan’s expertise, resources and strong network of clients. We wish all parties best of luck for the future.”

Gordon Macdonald, CEO at Edbro, said: “There are significant synergies between Orsan and Edbro. Our on-road telescopic tipping cylinders and supporting hydraulic systems will complement Orsan’s existing product portfolio and allow customers increased choice and improved supplier integration.

Richard Harrison, Partner at Enact, said: “Orsan represent a fantastic strategic fit for Edbro and the company and its employees will benefit from being part of a larger group that can help it to further develop its commercial offering and penetrate new international markets.

“The management team have done a great job navigating the business through challenging macro-economic conditions during our ownership and we wish them all the best for the future.”