President Engineering Group Ltd, the parent company of Bestobell Valves and Conflow, has been short-listed for a regional business award “Excellence in International Trade”. The judging panel, made up of regional business leaders, will deliver their final decision on the 19th January 2012.
Commenting on the nomination, Financial Director Marie Cooper stated; “Our inclusion as a finalist is great recognition of the hard work that we have put into growing our international business over the last 12 months, not only have we grown business with existing export customers but we have also had success attracting new customers.”
Bestobell recently exhibited at the 13th International Exhibition on Gases Technology, Equipment and Application.
IG China 2011 gave us an opportunity for talking business with our Chinese and Asian industrial gas industry friends, to discuss new projects and keep abreast of the very latest global trends and industry development prospects.
Bestobell would like to thank everyone who visited our stand and hope you have all the information you required. Please dont hesitate to contact us for any further information at Bestobell
Bestobell will be exhibiting at the next IG China Exhibition.
September 12th-14th，2012
Venue: Nanjing International Expo Center
For more information please visit the IG China Website
Bestobell Valves India in Ahmedabad gained TUV approval for PED (Pressure Equipment Directive) incorporating design and manufacture for it’s range of Fill Valve Assemblies during October, increasing the range of products customers in India can take from an Indian valve manufacturer. Further additions to the range available from India will take place shortly. For further information please contact Bestobell India
President Engineering Group Ltd, the parent company of Bestobell Valves, was awarded South Yorkshire Dealmakers 2011 Award of “Deal of the Year”. This prestigious accolade was awarded to PEGL primarily because the transfer of ownership of the Bestobell and Conflow businesses was seen by all the institutions involved (legal, banking and finance advisory) as having all the elements of a successful deal – a profitable international business with a strong customer base, strong brands, and a strong management team to take the business forward.
The management team of Sheffield-based Bestobell Valves has acquired three divisions of the business from owners Flow Group in a buyout.
The management team also purchased the businesses’ US and Indian-based operations.
Directors Mark Henley, John Waddington and Marie Bellamy have acquired Bestobell Valves and Bestobell LNG, which both produce high performance valves for industry, and the UK operation of Conflow, which specialises in mining components.
Bestobell employs approximately 80 people in the UK and posted turnover for its UK and US operations last year in excess of £12m.
The management team hopes the buyout will enable it to further grow and develop the business in the UK, with the support of Flow Group.
The deal was negotiated by Yorkshire professionals. Sheffield-based Castle Square Corporate Finance secured funding for the deal, while legal advice came from the corporate team at DLA Piper in Sheffield. NatWest provided funding for the deal via their local operations – along with local investors YFM Private Equity.
Head of corporate law at DLA Piper in Sheffield Richard May said: “Bestobell Valves has been able to make the most of its connection to Sheffield, tapping...
