Leading Newcastle based law firm, Hay & Kilner has helped Barrier Group Ltd expand into new markets by advising on the acquisition of a 49% stake in a North East rubber product manufacturing company.
The Wallsend-based company has bought the share in Tyneside’s Aquaseal Rubber Ltd. The company primarily manufactures rubber coatings, tubes for road cleaning equipment, and fenders for Remotely Operated Vehicles.
Robert Bowles, Chairman of Barrier Group Ltd instructed Hay & Kilner to provide legal advice on the deal, making it the third Barrier project to be completed by the leading, full service law firm.
Robert commented: “It was a pleasure to work with Hay & Kilner on this deal; we received an excellent level of service. We are delighted to have acquired the stake in Aquaseal Rubber. Utilising the skills and tools Aquaseal Rubber provides is an integral move for Barrier in the process of expansion, and diversifying our services.”
Hay & Kilner’s corporate finance partner, Mark Adams advised Barrier Group Ltd on the deal.
Mark commented: “We were delighted to work with Robert and his team at Barrier Group to secure this stake in Aquaseal Rubber. This transaction enables Barrier Group to expand into this particular market by securing a leading specialist in the sector.
We wish Robert and the team at Barrier Group every success and are sure that Barrier Group will continue to go from strength to strength.”
For further information please contact Mark Adams on 0191 232 8345 or email: firstname.lastname@example.org