The Bournemouth office of Saffery Champness Chartered Accountants has acted on behalf of Paul and Sally Nicola, the shareholders of Metalex Holdings Limited, based in Poole, Dorset, on the company’s acquisition of Alimex UK Precision in Aluminium Limited, a distributor and processor of aluminium cast plates, from Alimex Gmbh. The deal included the acquisition of the freehold of Alimex’s business premises.
Alimex Gmbh, is one of the world’s largest producers of aluminium plate products and their disposal of their UK subsidiary allows them to focus their efforts on its core manufacturing business whilst ensuring the future supply to the UK market.
Alimex UK Precision in Aluminium Limited has been renamed Metalex ACP Limited. It is the sole distributor of Alimex products in the UK and Ireland. The company continues to trade from its premises at Fingle Drive, Milton Keynes and all the team have been retained.
Paul Nicola, Managing Director of the Metalex Group, said: “The acquisition of Alimex is an opportunity to increase the product offering to our existing customers and we are excited at the potential for expansion within the UK market”.
The Saffery Champness transaction team included Mark Kilbey, Corporate Advisory Director, Andrew Alder, Consultant, Mark McGarry, Commercial Tax Partner, and Richard Meller, Corporate Tax Manager. Safferys helped to negotiate the deal and the team advised on accounting and taxation issues from initial agreement of heads of terms through to completion.
Mark Kilbey commented: “This transaction involved a European seller and it was essential to understand their expectations when advising the shareholders on transaction terms. The due diligence process was an important element of our work to ensure that all potential liabilities and relevant issues were identified. We wish Paul and Sally and their team every success with their acquisition and expect to see Metalex ACP Limited grow significantly in the future.”
Paul Nicola added: “The team at Saffery Champness supported us throughout this successful transaction from initial meetings to completion and their advice was invaluable”.
About Metalex Holdings Limited
Metalex Holdings Limited is the holding company for Metalex Products Limited, an independent stockholder and distributor of extruded bars, rolled and cast plates.
For more information, please visit https://www.metalex.co.uk/.
About Saffery Champness
Saffery Champness LLP is the 12th largest firm of chartered accountants in the UK (by fee income), providing specialist advice to a wide range of individuals, businesses and not-for-profit organisations.
For more information, please visit www.saffery.com.