SELLARS BUY BACK MINORTY SHAREHOLDING FROM CLAAS

SELLARS, one of Scotland’s largest CLAAS machinery dealerships, has announced some strategic investments across the business.

Firstly, the Board has taken advantage of the company’s current financial strength to realise the opportunity to buy back a minority shareholding held by CLAAS UK.

By buying back this shareholding, SELLARS will return to being 100% locally and family owned, controlled by its senior management shareholders and the Wattie family.

The company has also announced that it is investing in a service outlet located in West Lothian near Linlithgow, to be opened prior to the 2018 harvest season.

This new outlet, to be called SELLARS Linlithgow, will benefit from being close to the M9 and other major roads, making it ideally placed to provide more localised service for customers south of the Forth. The company says this will benefit existing customers and enable them to expand its business throughout the central belt of Scotland.

“The current strength of our Balance Sheet has enabled us to implement some strategic decisions for the long term benefit of the business,” states Neil Wattie, Managing Director and majority shareholder in SELLARS. “Our investment in Central Scotland is a sign of our confidence in Scottish agriculture and we look forward to providing a high level of service to existing and potentially new customers.

“We are proud that we are in a position where we can buy back CLAAS UK’s minority shareholding, and so return to being 100% locally and family owned, and we are extremely grateful for the support and contribution they have made over the past years."

Based at Oldmeldrum, Aberdeenshire, SELLARS operates from a total of 7 branches and employs 80 staff covering an area from the Firth of Forth to Invernessshire.