Law firm, DMH Stallard, has advised on the sale of the UK’s leading manufacturer of box making, printing and gluing machines - British Converting Solutions Group.
The international group, with subsidiary companies in the US and Mexico and sales consultants around the world, has machines operating in more than 25 countries. The group has been at the forefront of the box making industry for decades and was awarded the Queen’s Award for Enterprise for International Trade in 2016.
DMH Stallard’s Corporate Partner, Abigail Owen, led the team and was assisted by Corporate Associate solicitor Kay Miles, advising the group’s shareholders during the sale to international group Kolbus which has its head office in Germany. Operating in 12 countries, Kolbus was founded in 1775 and currently employs just over 1,000 members of staff.
Barry Tabor, a seller and the MD, will be staying with the business to take it through the next stage of growth with the Kolbus international group.
Abigail said: “We were delighted to work with Barry and his team at British Converting Solutions and help them through this complex process. Selling your business can be a minefield, particularly when selling an international group to a large international purchaser. We are glad to have helped strip back the layers and navigate a clear path through the process. It is always great to see a successful outcome for everyone and I’m sure there will be exciting times ahead for the business.”
Barry Tabor, a seller, said: “I would like to thank Abigail, Kay and the DMHS team for working so diligently on the deal with Kolbus and providing calmness, clarity and confidence in a complex international legal process which was unfamiliar to us.”
Other advisers acting for the sellers included, corporate finance advice by EMC Corporate Finance Limited and their Nik Askaroff and Michael Pay; with accountancy and tax advice provided by Wilkins Kennedy.
Acting for Kolbus was the Frankfurt office of Gleiss Lutz assisted by the London office of DWF LLP. Accountancy & tax advice was provided by Grant Thornton.