Tattersalls Ltd, Europe’s leading bloodstock auctioneers, has announced that it has taken a significant minority stake in William Inglis and Son Ltd, Australia’s premier firm of bloodstock auctioneers. The two companies will continue to operate autonomously but will work closely in areas of potential mutual development.
Commenting on the move, Tattersalls Chairman Edmond Mahony said;
“Tattersalls is delighted to announce the acquisition of an equity stake in William Inglis and Son Ltd. 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.”
Tattersalls enjoyed its third consecutive record year in 2007 with annual sales turnover of £257,077,695 while William Inglis and Son Ltd returned equally impressive figures. 2006/07 Sales turnover totalled a record Aus$271,123,000 and the flagship Easter Yearling Sale exceeded all expectations with an aggregate of Aus$148,375,000 at an average price of Aus$331,935.
Mark Webster, Managing Director of William Inglis and Son Ltd, commented;
“We regard the Tattersalls investment in William Inglis and Son as a wonderful endorsement of the company and the Australian bloodstock industry. Tattersalls is a company respected throughout the global thoroughbred community and their financial commitment to William Inglis and Son reflects a genuine synergy between two companies which share very similar values and goals.
“Integrity, loyalty, customer service and innovation are core to the success of William Inglis and Son and Tattersalls. The two companies conduct bloodstock sales that engage the attention of the global thoroughbred industry. 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 organisations and we are confident that it will deliver benefits for our clients, both vendors and purchasers alike.”
Extract from SAHorseracing.com