At the beginning of August, Stocks Ag Limited, the manufacturer of agricultural wheels and applicators, was purchased by James Woolway, owner of Opico Limited, the agricultural machinery importer.

L-R: Stocks management team - Mark Lee, Daniel Notley, Andrew Wright, James Woolway

James has announced his intention is to run Stocks Ag and Opico as two separate companies, with different products, sales teams and their own distribution channels. He believes there are clear benefits to be gained for both companies from the economies of scale.

James said, "Stocks Ag is a well-known and respected UK brand. This 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.”