Melrose Plc sell McKechnie Engineered Plastics for £30.7m
Simon Watts of Dickinson Dees
Manufacturing buyout group Melrose Plc has sold Stamford Bridge-based McKechnie Engineered Plastics in a £30.7m deal.
Law firm Dickinson Dees has advised on the sale to Swedish plastics company Rostistella, who make plastic injection mouldings for the likes of Jaguar Land Rover.
Simon Watts, head of corporate, lead the team at Dickinson Dees, assisted by director Alistair Scott-Somers and Naeem Hashmi.
Simon said: “We are delighted to have helped Melrose Plc with this significant deal, which represents the culmination of Melrose’s successful involvement with McKechnie.
“It is especially satisfying to see our Leeds office working on a Yorkshire transaction for a leading London-based FTSE 250 company, and once again clearly demonstrates how effectively we can work with these companies.”
Alistair Scott-Somers added: “McKechnie is now in a much stronger position than it was when Melrose bought the company.
“The sale to Rosti will help provide the opportunity of further investment and a platform for additional growth. It was a privilege to be involved.”
Simon Peckham, CEO of Melrose, said: “The corporate team at Dickinson Dees delivered first-class legal advice for us and were extremely responsive and commercial in their approach, enabling us to complete the disposal of McKechnie with maximum efficiency and minimum fuss. We would like to thank the team for their excellent efforts.”
This was posted in Bdaily's Members' News section by Tom Keighley .
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