Fields
Crowe UK advises on sale of Herefordshire agribusiness
Andy Kay
17/07/2018
Fields
A Bromyard manufacturer of specialist sprayers and weed control equipment has been bought by a Spanish company in a deal advised by the Crowe Midlands office.

Corporate Finance Partner Andy Kay advised the shareholders of Micron Group in the sale for an undisclosed sum to Goizper, a spraying and biotechnology business based in northern Spain.

Andy Kay said: "Micron was originally founded in 1954 by Edward Bals because of his concern then about the indiscriminate way in which pesticides were being applied, following first-hand experience in tropical agriculture.

Since that time this family business has continued to grow under the stewardship of the Bals family, acquiring Micron Air in 2000 and Enviromist Industries in 2004. The sale to Goizper was the next natural step in the Group's evolution and we were delighted to have assisted the shareholders in realising their plans."

Today, Micron Group incorporates Micron Sprayers, Micron Air and Micron Enviro divisions, serving a broad range of industries worldwide.

Based at Bromyard Industrial Estate, near Hereford, the group now employs 46 and had a turnover of £3.6 million in its last financial year to December 2017.

Goizper Group specialises in hand-held and pressure sprayers, offering brands including Matabi, Osatu, Inter and IK.

A spokesman for Goizper Group said: “Both Goizper and Micron will retain their identities, with no significant change in organisation or commercial policies."

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Andy Kay
Andy Kay
Partner, Corporate Finance
Midlands