Aaron & Partners completes successful corporate deal
31st October, 2013
Expert guidance from Chester-based commercial law specialists Aaron & Partners LLP has facilitated the completion of a major acquisition deal.
Aaron & Partners corporate commercial partner Clare Gray acted for Pangborn Limited on its recent successful acquisition of the business and assets of North Wales-based Shotblast Engineering Services (SES).
The deal, for an undisclosed sum, secures a strong manufacturing presence in the UK for Pangborn Ltd, a UK based company ultimately owned by the US-based Pangborn Group.
Pangborn Limited, which will be conducting business as Pangborn-SES, designs, manufactures, markets and services wheel blast and air blast surface preparation equipment, dust collectors and related products for the surface preparation market.
Hundreds of foundries, forges, steel producers and the extensive market of ferrous and non-ferrous steel component finishers worldwide have installed SES standard or custom engineered systems.
The operations will be consolidated and centralised into the previous SES manufacturing facility in Holywell, North Wales.
Clare Gray said: “We were delighted to work with Pangborn Limited on its acquisition of the business of Shotblast Engineering Services, which has secured a strong manufacturing presence for it in the UK. The deal will enable it to grow the product portfolio which it can offer through its global network.”
Spokesman for Pangborn Steve Cooper said: “Under the new ownership by the Pangborn Group, Pangborn-SES is positioned to continuously serve their large installed base of machines worldwide, and expand their product offering through the extensive, worldwide Pangborn Group agent network.”
Aaron & Partners has developed considerable expertise in corporate deals having worked on many corporate acquisitions and disposals across all sectors including manufacturing.
SES were advised by Jeremy Orell of SAS Daniels LLP.
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