A Cheshire-based firm announced today (Wednesday) that it has acquired part of defunct Arbroath engineers John M. Henderson.
Consultancy and project delivery company Otto Simon Holdings have formally executed an Asset Purchase Agreement with John M. Henderson & Co. Ltd. acting through its joint administrators, Blair Nimmo and Geoff Jacobs of KPMG LLP, to acquire the company’s coke oven machinery technology and expertise.
The John M. Henderson brand will be retained together with a core team of machine experts and continue its long established presence in the coke making industry, providing best available coke oven machinery solutions to coke plants worldwide.
The business will operate as an independent entity out of newly established offices in Forfar.
According to the company the combined skills, knowledge and experience of Otto Simon and John M. Henderson will be leveraged to create a strong presence in the UK coke and steel making sectors, increasing the range and depth of service offering to cover all aspects of coke production from by–products and coke ovens to state-of-the-art coke oven machinery.
Steve Haywood, the chairman of Otto Simon Holdings, said: “I am extremely pleased that we have been able to acquire the John M. Henderson technology and key staff. The synergies with Otto Simon Ltd in the UK and our proud association with Thyssen Krupp Industrial Solutions will enable JMH to be even more successful in the future and ensure that the latest technology for oven machines is always available to coke plants around the world.”
Blair Nimmo, head of restructuring for KPMG in Scotland and joint administrator, said: “I am delighted that we have managed to sell a key part of the business which has not only generated employment in the Angus region but also helps maximise opportunities for businesses throughout the United Kingdom. We wish Otto Simon every success for the future”.
Gary McCombie, managing director of John M. Henderson Machines Ltd, said: “John M. Henderson and Otto Simon are an exceptionally good match, with aligned strategic visions and a shared culture of providing engineering excellence, innovation and customer success in the coke and steel sectors. We are stronger together than we were as individual entities.”