Cowgill Holloway advises Aluminium Developments Group Ltd on the acquisition of Corby-based, Aluminium Shapes Ltd
Leading independent accountants and business advisors, Cowgill Holloway LLP, has advised Aluminium Developments Group on its acquisition of Aluminium Shapes Limited, an aluminium extrusion and component manufacturing business based in Corby, from Pemberton Capital. Under the new ownership both Aluminium Developments Group CEO Joe Martoccia and Anglo European Group have taken a significant equity stake in the business.
Employing over 60 people, Aluminium Shapes serves a wide range of industries and offers its customers a complete end-to-end service, from design and prototyping right through to component production.
Paul Stringer, Partner and Robin Prestage, Senior Manager at Cowgill Holloway advised on the deal and assisted with fund raising. Paul comments: “We have been working with Joe for some time to identify a suitable opportunity and believe that the acquisition of Aluminium Shapes provides a great platform for future growth.”
Speaking about the deal, Joe commented: “Investment from Anglo European Group and the management team, together with funding from AIB (GB) delivers a well-structured, robust platform for success in what is an exciting and dynamic sector. Collaboration with Anglo European in the fenestration and road transport markets will provide additional opportunities for growth, building on what is an already diverse customer base.”
“The team at Cowgill Holloway has proved invaluable in their search for an acquisition opportunity and by identifying investors and funders to enable the acquisition to complete. They’ve been able to provide us with the corporate finance and taxation advice and expertise we’ve needed throughout this transaction.’’
Legal advice to Aluminium Group Developments Limited was provided by a team at Clarke Willmott LLP led by corporate partner Ed Foulkes. He comments: “This was a complex transaction with multiple parties involved. We’re delighted to have been able to assist the team on the deal and it’s clear that the business is in very good hands. We wish them, and expect them to have, every success going forward.”
The information was correct at time of publishing but may now be out of date.