09 January, 2017
Forbes Solicitors' Corporate & Restructuring Team has advised on a deal in which Netenvoy Ltd was purchased by one of its co founders and shareholders.
Netenvoy Ltd, which was founded in 1984 and trades as Pyramid Tool and Die, has been acquired by Paul O' Brien from his fellow shareholder and brother Eddie O' Brien for an undisclosed sum.
The £1.5m turnover business, which employs 16 staff on the Lamberhead Industrial Estate in Pemberton, makes specialist rubber, injection and blow moulding dies for a wide range of industrial applications.
Pauline Rigby, Partner and Head of Corporate & Restructuring advised Paul O'Brien on the deal.
Pauline who is based in Forbes' Central Lancashire office, said: "This was a great deal to work on which resulted in a shareholder realising value in a successful longstanding local business. Paul is in a very strong position to take this business further forward and we wish him and the team at Pyramid Tool & Die great success in the future."