Birketts helps secure sale for composites manufacturer
Law firm Birketts has advised global composite manufacturer, AOC, on the sale of its subsidiary company AOC (UK) Ltd to BÜFA Composite Systems (BÜFA).
Founded in 1984, Essex-based AOC (UK) is an independent distributor of resins, catalysts and release agents.
The company is said to provide an extensive range of world-class quality products and offers technical support to composites manufacturers in a variety of market sectors including the construction, marine and transportation industries.
The transaction was led for Birketts by Alex Forwood and Nick Burnett with support from Matthew Adamson (Corporate), Clare Barlow (Employment), Claire Hunt (Commercial), Amanda Early (Real Estate), Ed Long (Environment) plus John Kahn and Ben Clarke (Tax). KPMG acted as corporate finance adviser for AOC.
Jean-Paul Van De Velde, general counsel at AOC, said: “The sale of AOC (UK) to BUFA is the next step in the deepening of the commercial relationship between the companies.
“We were impressed by the strength and depth of experience provided by Birketts on the transaction, with support coming from a range of teams. The service across the teams was seamless and to a standard comparable with any London law firm.”
Alex Forwood added: “Birketts was delighted to assist a longstanding client in AOC in realising its strategic goals with the sale of AOC (UK) to BUFA. The transaction represented a great next step in the commercial relationship between the two businesses.”