Haynes Publishing: Going, going, gone!

Haynes Explains Pensioners
Haynes Explains Pensioners

It’s over a week since Haynes Publishing Group put itself up for sale, as detailed in an earlier post, and I wanted to discuss some elements of the formal sales process. Haynes decided to solicit offers for the company through the formal sale process framework as set out in the UK’s Takeover Code. “It provides some flexibility to offeree boards in managing an offer process where they have decided the company should be sold,” says Paul Arathoon, a partner with lawyers Charles Russell Speechlys.

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Iconic publisher of Haynes manuals up for sale

Founder John Haynes with a copy of Men's Cooking manual.
Founder John Haynes with a copy of Men’s Cooking manual.

Haynes Publishing Group have announced that the company’s directors have put the business up for sale. This comes ahead of the company’s 60th anniversary in 2020 and shortly after the death of founder John Haynes. As Friday’s RNS points out, the company has made a successful transition from the production and sale of the iconic Haynes car repair manuals to online services providing data for industry. Part of this transition has involved various bolt-on purchases as well as bringing the company into the 21st century through the use of technology. The 2016 purchase of OATS Limited helped Haynes add a lubricant database business, while buying E3 Technical in 2017 helped incorporate automotive data solutions.

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