Home Uncategorised PM+M acts for WHT Holdings Limited in its acquisition of Metaltech Limited.

PM+M acts for WHT Holdings Limited in its acquisition of Metaltech Limited.

700
12
SHARE
L-R: Jennifer Bell, Forbes; Carole Chettoe, financial controller at WHT; Peter Carpenter, MD at WHT; Jim Akrill, PM+M; and Ian Griffin, site director at WHT

The Corporate Finance team at PM+M along with Forbes Solicitors’ Corporate team, have acted for the Bury-based heat treatment arm of WHT Holdings Limited in its acquisition of Metaltech Limited. The value of the deal has not been disclosed.

Wallwork Heat Treatment Limited, a subsidiary of WHT Holdings Limited, operates the group’s aerospace heat treatment facility from its Bury site as well as servicing commercial heat treatment for the north of England, Scotland and Ireland.

Metaltech Limited, which is based in County Durham, was formed in 1981 by Ron Scott. Dr Graeme Forster joined the company in the early 1990s and became its managing director.  Over the past few decades the firm has become one of the UK leaders in the thermal processing of metals, providing a wide range of heat treatment services to national and international clients.

Luke Collins, a graduate engineer who has worked at the Wallwork Group for 12 years, will join Dr Forster as site director at Metaltech.

The team at PM+M was led by Jim Akrill, partner. The firm provided valuation services, support on the deal structure, price negotiations, financial due diligence and project management through to completion. Whilst all legal aspects were handled Jennifer Bell who is an associate and head of Transport at Forbes.

Luke Collins commented: “This is a good fit for us and strengthens our range of metal heat treatments, hard coatings processes and customer service promise. Adding a facility in the North East means we can provide an even faster service to customers there and extend our transport service into Scotland, giving greater flexibility within our Manchester, Birmingham and Cambridge sites for further growth.”

Jim Akrill added: “We have worked with WHT for some time now providing specialist tax and commercial advice and we are very proud to have supported the group with this strategic acquisition. We wish them well in this next phase of their growth strategy.”

Jennifer Bell said: “It was a pleasure to work with WHT on this transaction and I wish them all the best with the Metaltech business and their future growth plans.”

SHARE
Previous articleParking gift for Christmas shoppers
Next articleMAG secures £300m bond in capital markets
Philip Ghayour
Events, PR, and Marketing Manager at The Samuel James Group, Philip has a degree in Journalism from the University of Salford and holds an MSc in Marketing from Lancaster University, Philip has also worked at BBC Radio Lancashire, Clitheroe Football Club and Accrington Stanley Football Club.

12 COMMENTS

  1. I think other web site proprietors should take this site as an model, very clean and magnificent user friendly style and design, let alone the content. You’re an expert in this topic!

  2. 758865 459198An interesting discussion is price comment. I think which you must write extra on this subject, it may well not be a taboo subject but typically individuals are not enough to talk on such topics. Towards the next. Cheers 608637

  3. Isotretinoin Cod Accepted Website Canadian Prescription Drugs Online Cialis Indonesia [url=http://try-rx.com]cheap cialis[/url] Brand Name Viagra Sold In Usa Can You Get High On Keflex

  4. Otc Celebrex Levitra Schaden Will Propecia Work For Me Testosterone Levels [url=http://bmamasstransit.com]cialis from canada[/url] Quand Commencer Nolvadex Apres Deca Amoxicilina Panklav Next Day. Amoxicilina Penamox On Sale

  5. 36973 957432The posh distributed could be described as distinctive; customers are truly yearning for bags is really a Native aspirations. Which strange surroundings is built that is to market diversity furthermore importance with travel and leisure market trends. hotels unique offers 540527

  6. Cialis Effetti Indesiderati [url=http://buycheapciall.com]where to buy cialis online safely[/url] Delivery Overnight Viagra Cialis Laboratoire Kamagra Boite

  7. Cephalexin Food Interactions [url=http://catabs.com]priligy como se toma[/url] Buy Priligy Dapoxetine Online Canada Zithromax If Allergic To Penicillin Canadian Health Mall

LEAVE A REPLY

Please enter your comment!
Please enter your name here