Higgs acts for Impreglon on seven figure acquisition

By Higgs & Sons
schedule20th Feb 14

The corporate department at Higgs & Sons is celebrating an excellent
start to 2014 by advising the UK arm of global player Impreglon on its purchase
of Optical Coating Technologies.

Higgs & Sons' corporate team, led by Nick Taylor and supported by Jamie
Partington, worked closely with the UK directors of the Tamworth based
industrial coatings business Impreglon UK on its purchase of Optical Coating
Technologies for an undisclosed sum.

Guy Williams, director of Impreglon UK, said of the deal: "This latest
acquisition is part of our ongoing business expansion programme. The team at
Higgs really helped us to make the deal happen. Nick and Jamie were integral to
finding solutions and driving the deal to a successful conclusion for all
concerned."

Optical Coating Technologies, also based in Tamworth, manufactures clear
coatings for a diverse range of applications including goggles, visors and car
components. In the past the business developed a coating for ski masks for the
British Olympic team which boasted anti-fog properties.

Impreglon UK has an enviable reputation for applying coatings and surface
treatments based on fluorpolymers, plastics, metals and ceramics for a wide
range of industrial applications. Its expertise lies in sourcing exactly the
right solution for many industries including food, oil and gas.

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.

Nick Taylor said of the Impreglon deal: "This deal clearly demonstrates the
ambition of Midlands businesses to expand and develop. At times we were up
against some very tight deadlines but we all worked together to achieve a great
result for all parties."

"With numerous transactions and projects already well underway in 2014, the
next 12 months also promises to be another exciting period with further
sustained growth."

Impreglon UK's long-term accounting and tax advisor, Tony Collinson of
Collinsons Accountants, also assisted on the deal.