TLT has acted on the sale of Edenhall Group, Britain's largest independent manufacturer of concrete facing bricks, to listed landscape products manufacturer Marshalls plc.
Marshalls has acquired 100 per cent of the issued share capital of Edenhall Holdings Limited in a strategic acquisition to boost its growth in the new build housing market.
TLT has worked with Edenhall Group for almost twenty years, advising its management team on a range of strategic and day-to-day legal needs. The company was established in 1997 and has grown to a £33m business with 10 manufacturing sites across the UK.
Marshalls has manufacturing sites in the UK and Belgium and overseas offices in the US, Dubai and China, employing around 2,300 people.
The TLT team advised on all legal aspects of the transaction, led by corporate partner Andrew Webber alongside associate James Webb and solicitor Holly Evans (corporate), associate Edward Pitt and solicitor Ellie Bennun (real estate), associate Dave Maton (employment) and associate Lizzie Stone (pensions and incentives).
Andrew Cotton, managing director of Edenhall Group, says: “Joining forces with Marshalls adds real value to our customers and is a significant milestone in the growth of Edenhall.
"I couldn’t be happier with the support provided over the years by Andrew and the team at TLT – they understand our business and what’s important to us. Throughout this transaction, James and Holly have been readily available and worked incredibly hard to deliver the deal on time – they were impressive from beginning to end."
Andrew Webber, partner at TLT, says: “Having worked with Andy and the team for a long time, it was a pleasure for us to be involved in this next stage of the company's growth.
"The market for strategic acquisitions in key sectors such as the industrials market remains strong and we are looking forward to supporting a growing number of management teams and acquirers on their growth plans in the months ahead."
TLT is seeing continued M&A activity in the industrials sector, having recently acted on the sale of minerals company Francis Flower to Sweden's state-owned LKAB Minerals.