The Rocal Group has been acquired by its existing management team, led by MD Stephen Nadin.
Forrester Boyd provided financial guidance and advice to support the management team in the buyout. The transaction was completed on 2 March and will see the continuation of the management teams long-term business development strategies.
The deal will enable continued investment across all areas of the business and more importantly, provide long-term stability for the groups’ employees, customers and business partners.
Speaking of the deal, Mike Beckett, partner of Forrester Boyd Corporate Finance said, “We have worked with the Rocal Group for many years now and were delighted to be able to support the management team in the buyout. In such challenging times, it is very encouraging to see one of our local businesses thriving with a clear development and growth strategy in place.”
Brigg based Rocal Group includes Endurance Doors, Rocal Extrusions, Rocal Foiling, Rocal Insulating Panels, Rocal Indoor and Rocal, SIPs. The deal was support with legal advice from Bridge McFarland LLP and financial support from Aldermore Bank PLC.
All data and figures referred to in our news section are correct at the date of publishing and should not be relied upon as still current.