Elaine Hurn and Matthew Catterall of Taylors’ Corporate team have advised Paul Dixon in the management buy-in of Rossendale-based, WS Rothband & Co Limited.
Rothband, which was established in 1860, manufactures a diverse range of protective equipment for the radiology and nuclear sectors and has been a supplier to the NHS for almost 70 years, priding itself on offering the highest levels of radiation protection to its client base which is located across the UK and Ireland, Europe and the Middle East. As well as the lead aprons and associated X-ray shielding equipment that it supplies directly from its UK factory, the company also offers digital imaging – it is a UK agent for WIDE DICOM monitors and ETIAM software solutions – and a range of physiotherapy products.
The Taylors Corporate team advised Paul Dixon, who led the buy-in, and who has a background in the health care sector as a radiographer. He was also Sales Manager at Rothband until 2007 and has held several senior global marketing roles with corporates specialising in the healthcare sector and associated medical products.
Funding for the £1.4million transaction was provided by Seneca Partners and Rosebud Finance. The North West Fund for Loans Plus and Ultimate Invoice Finance will provide working capital to fund the company’s post-acquisition growth.
Corporate finance advice was provided to the company by Jim Akrill at PM&M.
Elaine Hurn, Managing Partner and Head of Corporate & Commercial at Taylors, commented, “We were delighted to advise Paul in the management buy-in; Rothband is exactly the type of owner-managed manufacturing business Taylors has the experience of working with and we look forward to supporting Paul as he takes the business to the next exciting stage of its development”