Good buy group

Machine tool maker Ajax International Holdings, of Stockport, has bought its distributor, Philpott & Cowlin Group, for around £1m. It bought the company with the help of a private investor to protect it from rival interests after the retirement of Peter Arundel, its managing director. The £1.6m turnover distributor will remain independent and be managed […]

Machine tool maker Ajax International Holdings, of Stockport, has bought its distributor, Philpott & Cowlin Group, for around £1m. It bought the company with the help of a private investor to protect it from rival interests after the retirement of Peter Arundel, its managing director. The £1.6m turnover distributor will remain independent and be managed by Martin White, director and general manager.