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.