Two Lincolnshire ag businesses put up for sale
23rd October 2025
Two Lincolnshire agricultural businesses – machinery manufacturer Chafer Machinery and precision applicator supplier Horstine – have been put up for sale.
Ryan Holdsworth and Danielle Shore from Leonard Curtis were appointed joint administrators to Chafer Machinery Ltd on 16th October 2025.
On appointment, the joint administrators instructed BPI Asset Advisory to manage the sale of the business and assets of both companies.
Founded in 1901, machinery manufacturer Chafer is known for its high-performance self-propelled and trailed crop sprayers, designed and built at its Gainsborough manufacturing site in North Lincolnshire.
Horstine, supplier of precision applicators, has been recognised for delivering innovative fertiliser and granular chemical application systems used worldwide.
The private treaty sale includes the Chafer and Horstine brand names, intellectual property, proprietary software, design data, and manufacturing and assembly equipment, alongside extensive stock valued at approximately £1.4 million, the administrators confirmed.
READ MORE: Chafer Machinery enters administration
‘Agricultural industry has faced numerous challenges over recent years’
Luke Hartshorn from BPI said: “Together, these assets present a significant opportunity for potential purchasers to acquire well-established British engineering brands with strong reputations in the sector.”
Ryan Holdsworth, joint administrator, added: “Whilst the agricultural industry has faced numerous challenges over recent years, to which both brands have not been immune, the Chafer and Horstine businesses have developed a strong presence in the farming community over many decades.
“We expect considerable interest from buyers looking to continue the existing brand legacy of quality and high performance or integrate the product range into existing operations.”
BPI Asset Advisory is inviting expressions of interest in all or part of the business and assets by 2pm on Friday, 24th October 2025.
For further information or to register an expression of interest, please contact Carol Allen at carol.allen@bpiaa.com or call 01924 245040.
Further details and the full private treaty sale listing can be viewed here.
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