Cumbrian Manufacturer in Cross-Border Acquisition
Working closely with Stronachs in Scotland, lawyers from Burnetts played a leading role in the recent acquisition of ABB Ltd’s Salterbeck site. The Workington facility, at which 52 people are employed, makes flow and temperature measurement instrumentation products for the nuclear and subsea sectors.
Burnetts’ team, led by Corporate Associate Melissa McManus, advised the Aberdeen-based buyers McMenon Engineering Limited. Burnetts was instructed to act on the English law aspects of the acquisition of this high profile site with Melissa advising on the corporate aspects of the acquisition, Commercial Property Solicitor Sarah Loan providing support on the complex property transfer and Associate Sarah Willshire handling the banking issues.
The purchase was completed in February 2018 and was described as a “major milestone” by McMenon’s Chief Executive Anand Puthran.
Speaking about the transaction, Melissa said, “It was a pleasure to be part of the cross-border team which will enable McMenon Engineering to develop the capabilities and workforce skillset of the Workington site. Being able to draw on the support of in-house specialists in our property and banking teams certainly helped to ensure that the deal could be completed within tight timescales.”
For further information about Burnetts’ Corporate team visit: https://www.burnetts.co.uk/business/corporate-lawAll News