Deal Background
KMG UK Limited ("KMG") is a holding company for two trading subsidiaries; Haarslev UK Limited ("HUK") and Food Processing Equipment ("FPE") Limited.
HUK primarily acts as a UK distributor / agent for Haarslev Industries A/S, a Danish based manufacturer of processing equipment used in a number of industries worldwide such as meat, pet food and biofuel.
FPE sells own branded machinery in the UK, made by third party manufacturers in China, to the food processing industry.
How Langtons Helped
Langtons acted as Lead Advisors for the shareholders, assisting with the negotiations with the Acquirer and the due diligence process, as well as providing input into the legal documentation.
Results
After more than 40 years of a successful business partnership, HUK and FPE are now subsidiaries of Haarslev Industries A/S. The shareholders and all employees have remained with the Group as part of the transaction.
"I am delighted that, after so many years working together, we are now officially part of the Haarslev family. This transaction enables us to become fully integrated into the Haarslev sales and customer care teams, continuing our successful approach to customer relations and strengthening our market position as one company."
Martin Gaffney, shareholder of KMG UK Limited
I can't fault the service provided by Langtons Corporate Finance during the sale of our business. The team were very diligent, extremely friendly and approachable throughout the entire process and were on hand to help with any queries we had. We felt that they added significant value to the transaction.
KMG UK Limited - Martin Gaffney
