Newmarket-based Tattersalls has announced that it has acquired a “significant
minority stake” in William Inglis and Son Ltd. The two companies will continue
to operate autonomously, but will work closely in areas of potential mutual
development.
“Tattersalls is delighted to announce the acquisition of an equity stake in
William Inglis and Son Ltd,” said the auction company’s Chairman Edmond Mahony.
“We view the acquisition as an investment not only in a company which is a
leader in its field, but also a company which shares the same global vision for
the bloodstock industry that has always been the cornerstone of the Tattersalls
ethos. In particular, we view the Inglis exposure to the growing markets
throughout Asia as being of huge importance in future years.
“The alliance of Tattersalls and William Inglis and Son also reflects our
confidence in the Australian racing and breeding industry which is respected and
admired throughout the world. The bedrock of any bloodstock industry is a strong
and robust racing product, and Australian racing is widely regarded as the model
to which so many other countries aspire.”
“These two companies conduct bloodstock sales that engage the attention of
the global Thoroughbred industry,” Mark Webster, Inglis’s managing director,
commented. “We see an opportunity for our two companies to cross promote each
others services and share new ideas, innovations and resources. This new
association is a perfect fit for our two organizations and we are confident that
it will deliver benefits for our clients, both vendors and purchasers alike.”