Howes Percival acts in Aspall sale to US brewing heavyweight
Law firm Howes Percival played a key role in the sale of Suffolk-based cider maker Aspall to American brewing giant Molson Coors.
The firm acted for the family shareholders in the sale in a deal which market watchers believe valued Aspall at around £40 million.
The new American parent says the Suffolk base remains integral to its plans for the growth of the business.
Founded in 1728 by Clement Chevallier and run by the eighth generation of his family, Aspall is known for producing premium cider products as well as organic cider vinegar.
Aspall operates from a single site in the parish of Aspall, Suffolk, where the Chevallier family first planted the orchards at Aspall Hall.
The deal will see members of the family remain as part of the business and play a key role in shaping the strategic direction of Aspall.
Howes Percival has advised the family for over 30 years and provided a wide range of services relating to the transaction including corporate, tax, banking & finance, property, employment law, IP and regulatory.
The team was led by Corporate partner Nathan Horton with partners Edward Lee (corporate), Stuart Maggs (tax), Chris Rees (banking) and Catherine Scott (property).
Horton said: “We're absolutely delighted for the family, who have worked so hard to build a fantastic business. We've worked alongside them for many years now and are very proud to be associated with the family and such a great brand.
“The deal allows the business to grow and seek out new markets for its unique products, while the family remain closely involved.”