Friday, March 8, 2013

Dickinson Dees advised on the £ 30.7m deal plastics

LAW firm Dickinson Dees advised manufacture buy-out group Melrose PLC on the sale of Stamford Bridge-based deal engineered McKechnie Plastic £ 30.7m.

Melrose, an expert on buying business in manufacturing and engineering and repair them before the sale, McKechnie sold in plastic Rostistella Swedish company. The company makes plastic injection molds, with Jaguar Land Rover as one of the biggest clients.

The Dickinson Dees team led by Simon Watts heads the company and assisted director Alistair Scott-Somers and Naeem Hashmi.

Watts said: "We are very pleased to have helped significantly Melrose PLC offers, the culmination of a successful engagement with the Melrose McKechnie.

"It is very satisfying to see our office Yorkshire Leeds working on a deal for a London based company leading the FTSE 250, and clearly shows how effectively we can work with these companies."

Alistair Scott-Somers said: "McKechnie now in a stronger position than when the company bought Melrose. Help sold Rosti provide additional investment opportunities and a platform for further growth. '

Simon Peckham, CEO of Melrose, said: "The team at Dickinson Dees company delivered its first class legal advice to us and quite responsive and commercial in their approach, allowing us to complete the disposal of McKechnie possible efficiency and minimum of fuss. We would like to thank the team for their great efforts. '

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