Skipton steams ahead with fourth acquisition

Skipton Building Society has bought a majority shareholding in Industrial Equipment Finance Ltd (IEF). The £4.5m acquisition is the fourth company to join the Skipton Group in the last year. IEF provides asset finance in the form of hire purchase and leasing for the engineering, printing and plastics industries. John Goodfellow, chief executive and director of the Skipton, said: “The acquisition of IEF is yet another exciting addition to the Skipton Group and further enhances our philosophy of modern mutuality.”