Motor and engine parts supplier ImexPart has been sold to Johannesburg-based consumables group, Invicta.
ImexPart, located in Castleford, is a UK-leading independent truck, bus and engine parts specialist which has served the automotive industry since 1986 and employs more than 70 staff .
It has been bought by Invicta who have expanded with acquisitions of companies not only in South Africa but also Asia and Europe. It controls and manages assets of more than £421m and employs over 4,500 people worldwide.
Arthur Pinkney, CEO of ImexPart commented, “I would like to extend my sincere thanks to Dan and Alex, for their expertise, guidance, and diligence throughout this entire journey. Their knowledge and professionalism have been invaluable, and I am truly grateful for their unwavering commitment to achieving a positive outcome.”
In announcing the acquisition to the Johannesburg Stock Exchange, which they have been listed on since 1989, Invicta said its “strategic focus is to diversify into new geographical areas, in the industries and markets in which Invicta has significant experience and strong management capabilities”.