Taylors has assisted Blackburn-based manufacturer, Partwell Holdings, which specialises in cutting technology, CNC machining of plastic parts and the manufacture of food cutting surfaces, in its acquisition of Essex-based competitor, SJH Row and Sons.
Row is a long-established business specialising in the manufacture of cutting surfaces for the food industry.
Corporate Partner, Stephen Jarman, said: "It was a delight to be able to help Partwell acquire such an historic, but still very relevant, company as SJH Row. One hundred and thirty years of trading history did throw up some problems, but we able to overcome them. We wish Ashley and Partwell all the best with the new acquisition."
Jim Akrill, Corporate Finance Partner at PM+M, advised Partwell on the deal. He said: "This was an excellent strategic move for Partwell. Row is a brand leader in its sector. The acquisition opens up new markets for Partwell and introduces complementary product lines. The combined entities will have greater critical mass leading to enhanced future prospects."
Ashley Bradburn, MD at Partwell, said "It has been a pleasure to work with Taylors and PM&M, whose input played a crucial role in ensuring the transaction went smoothly and was completed within our timeframes."
Senior debt was provided by HSBC with additional working capital from North West Fund for Loans Plus, managed by FW Capital.