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Fabrics company completes takeover
Aug 6 2008 by Tony McDonough, Liverpool Daily Post
A SKELMERSDALE-based supplier of high performance fabrics has acquired the business and assets of a leading textile distributor.
Redwood Distribution has bought Bradford-based Edmund Bell & Co for an undisclosed sum. Redwood was advised on the deal by the Liverpool office of law firm Halliwells.
Halliwells’ corporate team was led by partner Craig Scott who said: “Halliwells are delighted to have successfully assisted Redwood to complete this key strategic transatlantic acquisition which will hopefully prove an excellent fit with Redwood’s existing and growing business.”
Edmund Bell, which is a subsidiary group of US Fortune 500 company Leggett & Platt, is one of the UK’s leading suppliers of curtain linings and woven fabrics.
Corporate finance advice to Redwood was provided by Carl Williams and Angharad Davies of Grant Thornton’s Liverpool Office.
Leggett & Platt was advised by Laurence Kingswood of Bracher Rawlins in London. Funding for the transaction was supplied by Barclays Bank.
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