A team from the Bristol head office of national law firm TLT has acted for Britain’s largest independent manufacturer of concrete facing bricks on its sale to listed landscape products manufacturer Marshalls.
The strategic acquisition of Newport-based Edenhall will boost Marshalls’ growth the new-build housing market.
TLT has worked with Edenhall Group for nearly 20 years, advising its management team on a range of strategic and day-to-day legal needs. The company was set up in 1997 and has grown to a £33m business with 10 manufacturing sites across the UK.
They will join West Yorkshire-based Marshalls’ portfolio of production sites in the UK and Belgium and its overseas offices in the US, Dubai and China. Marshall employs around 2,300 people making natural stone and concrete hard landscaping for the construction, home improvement and landscape markets.
The Bristol-based TLT team, which advised on all legal aspects of the transaction, was led by corporate partner Andrew Webber with associate James Webb and solicitor Holly Evans (corporate), associate Edward Pitt and solicitor Ellie Bennun (real estate), associate Dave Maton (employment) and associate Lizzie Stone (pensions and incentives).
Edenhall managing director Andrew Cotton: “Joining forces with Marshalls adds real value to our customers and is a significant milestone in the growth of Edenhall.
“I couldn’t be happier with the support provided over the years by Andrew and the team at TLT – they understand our business and what’s important to us. Throughout this transaction, James and Holly have been readily available and worked incredibly hard to deliver the deal on time – they were impressive from beginning to end.”
Andrew Webber, pictured, added: “Having worked with Andy and the team for a long time, it was a pleasure for us to be involved in this next stage of the company’s growth.
“The market for strategic acquisitions in key sectors such as industrials remains strong and we are looking forward to supporting a growing number of management teams and acquirers on their growth plans in the months ahead.”
TLT is seeing continued merger and acquisition activity in the industrials sector, having recently acted on the sale of Somerset-headquartered minerals company Francis Flower to Sweden’s state-owned LKAB Minerals.