14 November, 2017
The Corporate Finance team at PM+M - the Blackburn based chartered accountancy, business advisory and wealth management group - 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"
01 Aug 2018
Very thorough and precise with each contract and have made it very easy for us to feel very confident going into new territories, whether it being a different country or a different manufacturer.
Forbes was instrumental in ensuring Electric Coffee Co is able to meet its growth ambitions.
Electric Coffee Co
It is always a pleasure to deal with true professionals and specialists in their area and this is what you can expect when dealing with Forbes and, in our case, specifically Nick and Gemma.
Gareth & Janet Watson
The team not only provides professional and practical advice, but also takes a personal interest to understand the business and the matter at hand.
Leonard Curtis Business Solutions Group
The advice and service that we receive from Pauline and her colleagues is consistently professional, knowledgeable and efficient. They have a great ethos and are a pleasure to work with.
Focus Insolvency Group
What a pleasure to do business with Forbes - Pauline Rigby & Nick Pickup both understood my personal objectives and requirements
Former Business Owner
I would like to thank Jayne and the Business Law team for being so friendly, professional and patient throughout the sale.
We have been very happy with the professional service from Pauline Rigby and her colleagues in the Business Law team and the ease of purchasing our new business
Andrew M Jones
Internet Trading Ltd
I and the UCLan team wanted to acknowledge the support from your team, including Nick Pickup and Pauline Rigby. Their contribution has been much appreciated by both clients and our staff.
Head of Innovation and Enterprise
Sincere thanks for all the time, patience and professionalism from Pauline and Tricia in the completion of MAP12 contract terms and conditions.
Jayne & Anthony Mellor
It's a One Stop Shop as a legal entity, whatever problem we've got you've got someone to come and advise us or fix it
The Northcote Group
We have always found Forbes to be approachable and helpful and we look forward to a continuing professional relationship
Child Action Northwest
I have been extremely pleased with the legal team at Forbes and all their help
South Lakes Veterinary Centre
The team at Forbes have been professional, thorough, friendly and efficient from day one through to completion. We will certainly be using them again as we look to move our business forward.
S & L Wilson