Acquisition of Agrilek - 06 August 2009

Freedom News Special Edition

Agrilek is based in Barrow in Furness, Cumbria. They are a multi disciplined engineering company carrying out electrical and mechanical engineering work both on and off shore.

Wayne Hayes, Freedom Managing Director comments: "I am delighted that we have secured the acquisition of Agrilek Limited. This new relationship will allow Freedom to move forward at a much greater speed into the renewables market place and provide us with invaluable experience in the off-shore arena. The depth of services offered by Agrilek with their electrical, mechanical and marine engineering services, coupled with Freedoms’ high voltage specialism will place us at the forefront of the market for the next phase of the renewable energy development."

Keith Wood, Managing Director of Agrilek, adds: “we are delighted to be joining Freedom. We see this as a truly exciting new phase in the development of Agrilek and we believe our skill base will thrive going forward, creating new opportunities in a growing market for energy engineering services."

Andy Catchpole, Spice Distribution Managing Director adds: "I am extremely excited about Agrilek becoming apart of the Freedom portfolio especially as it moves us into the off-shore market where there has been and is great interest with renewable energy. I welcome the team to the Group and look forward to the growth opportunities that this acquisition will bring for the division."