Azets has advised the shareholders of PR Epoxy Systems Limited on its sale to Vebro Polymers Group.
Headquartered at Trafford Park in Manchester, PR Epoxy Systems Ltd has a “long history of formulating and manufacturing epoxy-resin based products for an international roll call of clients across the globe dating back to 1988”.
Its products include water-based primers and coatings – which can be used to repair floors.
According to the firm, the acquisition of PR Epoxy Systems Ltd into the Vebro Polymers Group is a “significant milestone in the company’s growth plans, introducing both in-house manufacturing capabilities and warehousing capacity”.
Azets said that Vebro Polymers and PR Epoxy customers across Europe and beyond can also expect to “benefit from a broader product portfolio on top of increased agility, product accessibility and reduced lead times”.
Tim Mills, corporate finance partner at Azets in Manchester led the deal and was supported by Jenny Pape, tax partner.
Meanwhile, Mairead Platt, Nicola Whittle and Paul Nicholls of law firm Brabners provided legal advice to the vendor.
Mills said: “Despite the challenges of the pandemic, Brexit and the uncertain economic outlook, this deal proves that attractive, well managed businesses will always be in demand. It’s credit to the resilience and enterprise of the North West business community that our teams remain so active.”