In the late sixties Tangye was sold to the Central Wagon Group who historically were known as ‘asset strippers’, after the purchase they decided to sell off the Cornwall site and they moved into premises in Birmingham, also occupied by the Shelly company who manufactured mechanical car jacks.

From this is was decided that all products previously manufactured were discontinued, and only the ship jack and aluminium jack manufacturing were retained.

The Central Wagon Group owned another asset known as Eric Peel & Co (better known as EPCO). They were the leading garage equipment manufacturer at that time and they supplied products such as trolley jacks, garage presses, and cranes.