Addison Saws buys Dynashape

Addison Saws is the market leader in importing state-of-art metal sawing machines, while Dynashape pioneered the use of sophisticated machinery to resharpen blades. Both companies – founded in 1956 and 1961 respectively - have since branched out into wider areas of the sawing market. Gary Knight, managing director of Addison Saws, said the new deal made perfect commercial sense for both companies – but also had a sentimental feel. Addison Saws currently employs 32 people, while 18 people work at Dynashape - all the jobs will be safe and staff would continue to operate at both sites for the foreseeable future. Says Mr Knight: "Both are long-established Midlands companies, which have led the way in their respective fields, and I am delighted that we have been able to bring them together in this way. There is certainly a sentimental element to the deal, because of the histories of the companies involved, but it also makes hard-headed business sense. "There is a real synergy behind the deal, which will benefit everybody. Dynashape is the master of what they do and so we are acquiring a really strong skills set. They also have an excellent customer base for us to build on." Mr Knight also paid tribute to the work done by Higgs and Sons' corporate lawyer Jamie Partington in helping draw up the deal. "We have had excellent advice from Jamie and his colleagues at Higgs. As well as pro-actively protecting my commercial interests, they have acutely understood the sentimentality behind the deal." Image: Left to right Jamie Partington, Stewart Coles (both Higgs Sons) and Gary Knight, Addison Saws