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Accountancy and business advisory firm Beever and Struthers has advised the shareholders of Porter Lancastrian Ltd on its sale to Danish-owned Valpar Micro Matic Ltd.
Porter Lancastrian, a manufacturer of draught beer fonts, was founded in 1936. The company, which employs 40 people, is located in Chorley, Lancashire, and has its own manufacturing facility with in-house design, engineering and sales functions.
The acquisition makes it possible to sell Porter Lancastrian’s products outside the UK through Micro Matic’s global sales network.
Andrew Brown, managing director of Porter Lancastrian, who will continue in his role of managing the day-to-day business of the company after the acquisition, said: “By becoming part of Micro Matic we can achieve positive synergies in our home market, and at the same time we get access to valuable knowledge and know-how, not least through Micro Matic’s global sales organisation”.
John O’Neill, managing director of Valpar Micro Matic, added: “Porter Lancastrian is a proficient enterprise with a long history, competent employees and visionary management. We do not often find a company that complements our own business so well”.
The Beever and Struthers’ team, led by corporate finance director Dean Curtis, advised on the share sale with support from corporate finance manager Patrick Wilson and tax partner Will Campbell .
Legal advice for the sellers was provided by a team led by Benjamin Dredge, managing partner at CG Professional with support from colleagues Samantha Pickover and Rory Manning.
Valpar Micro Matics Ltd was represented by Penningtons Manches Cooper (legal) and ASM Chartered Accountants (financial and tax due diligence).
Curtis said: “The transaction highlights the continued interest from international businesses looking to enter or strengthen their position in the UK market. I am confident that the company will be able to achieve the next stages of its growth strategy, and further enhance its position as a high-quality North-West business operating in the UK and internationally”.
