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.