Haynes Publishing (HYNS) is entering a formal sales process. Executive chairman Eddie Bell said that the group’s board and staff had undertaken a “highly successful strategic transition over the past five years from an iconic manuals publishing business to being a leading supplier of content, data and innovative workflow solutions for the automotive industry and motorists”. He added that Haynes has improving revenues, good profits and “substantial cash in the bank” with a strong dividend yield record.
Haynes’ founder, John Haynes, died this year, and the group turns 60 in 2020. Management hopes to attract a suitor with the resources to invest in the group’s expansion. Europa Partners has been hired as a financial adviser to carry out the sales process.
