BAVARIA Industries Group (Bavaria) have today assumed ownership of Stobart Rail & Civils

Bavaria is a family holding company that owns majority interests in companies showing clear potential for improvement or facing new challenges.

The sale is a ‘share sale’ which means the sale of everything in the Company including the incorporated Company itself. Therefore, Bavaria will continue to run Stobart Rail & Civils on a “business as usual” basis with Bavaria acquiring all of our assets, liabilities, and obligations.

Bavaria will provide financial support to Stobart Rail & Civils as we maintain our business as usual footing and works toward returning to profitability.

Bavaria recognises we are an extremely innovative business supported by a great team of people. Our agreement also includes a three-month Transitional Service Agreement for Stobart Group to provide certain back office services to support Stobart Rail & Civils in the immediate term i.e. I.T support, Payroll.

We will be undertaking a series of further update comms to tell you more about Bavaria and what this means. In the meantime, I want to assure you that this marks an exciting new chapter for our business and Bavaria is committed to supporting our development.

A spokesman from Bavaria has commented:

“We’re really excited about working together and hope that being free from the large Corporate Parent will release the teams entrepreneurial flair!”