Pictured above: (l-r) Nigel Baxter and Gavin White

Nottingham based Fraser Brown Solicitors put in a team effort to help secure a takeover deal of the Yellowstone Quarry, protecting the future of the last remaining producer of local Bulwell Stone.

Three local businessmen, Nigel Baxter, Richard Tuxford and Peter Stephens joined forces to create Nottingham Bulwell Stone Ltd to purchase the quarry, seeing the potential in investing in this valuable local resource that is still in high demand in the building industry.

Corporate Law partner Gavin White and senior partner Graham Green, from the Commercial Property team at Fraser Brown, worked together to secure the takeover which required the formation of the new company before the quarry could be purchased.

Gavin said, "This is an important deal for the region as it has secured the future of the last remaining producer of local Nottingham stone. Working with the commercial property team we pulled out all the stops to get this deal to completion quickly and are delighted that under new ownership the quarry can now continue to supply this unique product."

Nigel Baxter said, "The quarry presented a good business opportunity which needed investment to secure its future. We could all see the potential in the product which there is a large market for in the area and were keen to realise its potential and protect this valuable local resource. We were working to tight deadlines to get the deal to completion and the team at Fraser Brown were seamless in their approach to what was a unique proposition."