Bord na Móna were in Sinclair running sources suggest

Sources say Bord na Móna had a serious interest in buying Sinclair Horticulture.

The Irish state company was in the running until a few days before Westland Horticulture bought Sinclair in a pre-pack deal out of administration on 31 July, it is believed.

KPMG's memorandum of the sale of the business stated that KPMG targeted 45 parties as part of the trade sale. By 19 June, six offers were received. Two were for all the business and assets – believed to be Westland and Bord na Móna. On 5 July, both parties submitted revised offers. By 27 July, only one party was in a position to conclude the sale, which completed on 31 July. The  purchaser was Westland (GB Trading). Included in the sale were the Ellesmere Port site, seven peat mosses in Scotland, plant and machinery and stock.

Property in Lincoln and other Sinclair sites was not included. Some £12.15m was paid.

Bord na Móna was not available for comment.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Pots and containers

Pots and containers

Superior propagation products can justify extra expenditure by providing precise cell fill, optimum root development and healthy plugs, writes Sally Drury.

Business Planning - Inflationary pressures

Business Planning - Inflationary pressures

How can horticulture businesses respond to Brexit-fuelled inflation? Neville Stein outlines the options.

Garden centre profile: Mappleborough Green Garden Centre

Garden centre profile: Mappleborough Green Garden Centre

Phase two of the redevelopment of the former Badger Nurseries has delivered rapid and impressive results, Matthew Appleby discovers.

Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Garden retail Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. NEW: 2016 listing just published

Garden Centre Prices

GARDEN CENTRE PRICES w/e 21 September 2016
GARDEN CENTRE PRICES w/e 24 August 2016

Pest & Disease Tracker bulletin 

The latest pest and disease alerts, how to treat them, plus EAMU updates, sent direct to your inbox.

Sign up here