HENTON & CHATTELL BUY SITE FROM FELLOW DEALER

PICTURED ABOVE: Farmstar's Newark premises

Henton and Chattell has announced that it has signed Heads of Terms to acquire the Newark depot from Farmstar Ltd.

Hentons say this acquisition is a key strategic move for themselves, allowing them to enhance their operations and strengthen its position as a dealer in agricultural, groundcare, and garden machinery.

While the Heads of Terms have been agreed, Henton have confirmed that the finalisation of the deal is underway. Plans are in place to ensure a smooth and seamless transition for customers and staff, with uninterrupted service guaranteed throughout the process.

The Newark depot will remain fully operational throughout the transition, with all current staff being retained by Henton and Chattell. The compaby descrbe the acquisition as not only preserving the excellent service already provided by Farmstar Newark but also introduces new product ranges to the region.

Managing director of Henton and Chattell, Peter Chaloner, said, "This acquisition represents an exciting opportunity for Henton and Chattell to grow while continuing the exceptional service that Farmstar has provided to customers in the East Midlands. The site offers significant synergies for our business and ample space to expand, supporting our growth plans.

"We look forward to welcoming the Newark team into the Henton and Chattell family and bringing new product ranges to the area.”

In a statement on social media, Sam Davies of Farmstar Ltd, added "This deal represents the best outcome for all parties involved. The key aspect for us is that our loyal staff will transfer over and we are confident that Henton and Chattell will continue to provide excellent service within the area.”

The Newark site will focus on agricultural, groundcare, and garden machinery and further updates have been promised upon completion of the acquisition.