Machinery dealer Farmstar announces sale of its Newark depot

A spokesperson for Farmstar said that while the heads of terms have been agreed, the finalisation of the deal is ongoing.

“Plans are firmly in place to ensure a smooth and seamless transition for customers and staff, with uninterrupted service guaranteed throughout the process.

“This acquisition not only preserves the excellent service already provided by Farmstar Newark, but also introduces new product ranges to the region,” they added.

The company confirmed that the Newark depot will remain fully operational throughout the transition, with all current staff being retained by Henton and Chattell.

‘Best outcome for all parties involved’

Sam Davies of Farmstar Ltd, said: “This deal represents the best outcome for all parties involved. The key aspect for us is that our loyal staff will transfer over and we are confident that Henton and Chattell will continue to provide excellent service within the area.”

The company said that further updates will be provided upon completion of the deal.

Farmstar was founded in 1988 as an agricultural machinery hire and lease business. The company operates from four depots, including the Newark one that has recently been sold.

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