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Birmingham law firm advises on Staffordshire packaging firm deal

Birmingham law firm The Wilkes Partnership has completed an acquisition on behalf of Staffordshire-based Weedon Holdings Group, in a deal that is expected to double the Group's annual turnover.

Weedon Holdings Group acquired corrugated packaging manufacturers Rowpak Containers Ltd, which is now operating as Weedon Corrugated Products.

Gareth O'Hara, partner in the corporate team at The Wilkes Partnership, led the legal team. Gareth explains: "Rowpak was an underperforming business, with 100 jobs under threat. As part of its new position in the Weedon Holdings Group all but a few of those jobs have been saved."

John Weedon, managing director of Weedon Holdings Group, adds: "As Rowpak was based in Manchester, this move gives us a springboard into the north of England. 

Our customers will now be able to draw upon a much wider range of facilities and resources as the acquisition gives us strategic support for sheet supply and allows us to offer an end-to-end solution for customers."

Gareth O'Hara continues: "The completion of this acquisition is an important boost to Weedon Holdings Group's already successful business and helps our client achieve their strategy for the future."

The legal work carried out by the team at Wilkes involved negotiating and advising on the sale agreement; extensive property issues; employment advice; and agreeing finance arrangements for Weedon Holdings Group. The Group was also advised by Shaun Knight at Baldwins chartered accountants.

Established in 1987, Weedon Holdings Group includes Weedon PSC Ltd, the UK's leading manufacturer of retail-ready packaging and point-of-sale display units; and i2i Europe Ltd, a specialist in retail own-label packaging. 

 

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Article published by Midlands Business News on 27 July, 2011

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