Stocks Ag, the Wisbech-based manufacturer of agricultural wheels and applicators, was recently purchased by Opico owner James Woolway.
Whilst his intention is to run Stocks Ag and Opico as two separate companies, with different products, sales teams and their own distribution channels, Mr Woolway reckons there are clear benefits from the economies of scale.
“Stocks Ag is a well-known and respected UK brand,” he comments, who adds that the acquisition provides more security for both businesses.
“Opico gains from having a sister company in a different market area, with a manufacturing facility and export markets. Stocks gains from the size and structure of its sister company, having access to in-house IT, marketing and financial systems.”
James was brought up on his family’s farm and has worked in the agricultural machinery industry since completing an agricultural engineering degree in 1994. In 2005, he took over as managing director and subsequently owner of Opico.
Picture: Stocks management team (from left to right) Mark Lee, Daniel Notley, Andrew Wright and James Woolway.