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Higgs advises on steel stockholding acquisition
Article date: 31/03/2014
Leading Black Country law firm Higgs & Sons has advised Kirkby Steel Tubes Limited on its acquisition of Eccles-based steel stockholding company Hilmar Tubes Limited.
The deal was fast moving but the Higgs corporate team, led by Nick Taylor and supported by Jamie Partington, was able to turn it around within the tight deadlines set.
Patrick Doyle, managing director of Kirkby Steel Tubes, said of the transaction: "Our business strategy is to look continually for new opportunities to satisfy our customers' needs more completely, and the team at Higgs really helped us to make this deal happen. As such we were able to move quickly while also finding solutions to some difficult questions."
Nick Taylor said: "We were delighted to act for KST on this transaction, which, in Hilmar, saw it acquire a company with a similarly rich heritage and strong values. The deal had to move to a tight timeframe but a great result was achieved, securing a number of jobs for the future in the process."
Kirkby Steel Tubes, which is part of the Walsall-based Watts Clift Holdings Group, supplies high quality welded steel tubes and their components across many market sectors including automotive, oil drilling and pressure vessels, while also specialising in products used in the pneumatic conveying industry. Its 50,000 sq ft warehouse in St Helens gives it the perfect base to serve its customers in the UK, Europe, Africa and the Far East.
Higgs was recently named corporate law firm of the year at the Midlands Insider Dealmakers event and, in 2013, the team was ranked as the third most active law firm for corporate deals in the region according to Experian's annual report.
Higgs & Sons is headquartered at the Waterfront Business Park in Brierley Hill. The firm employs more than 200 people, which includes over 100 specialist lawyers.
For specialist advice on all aspects of corporate law including mergers and acquisitions, call Nick on 0845 111 5050 or email Nick.Taylor@higgsandsons.co.uk.