Brabners Chaffe Street Solicitors - Corporate Services

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Brabners Chaffe Street advises on VEKA acquisition
7/06/2011

Leading North West law firm Brabners Chaffe Street has advised VEKA plc, extruder of PVC window systems, on the acquisition of Bowater Building Products for an undisclosed sum.

The move will further strengthen Burnley based VEKA's market position and share within the UK industry during its 25th anniversary year of manufacturing in the UK.

A seven-strong team from Brabners Chaffe Street, led by Caroline Litchfield and Tom Burton, advised on the acquisition.

Brabners Chaffe Street Corporate Partner, Caroline Litchfield said today: “We are pleased to have played our part in securing the transaction which has extended our client's market share in the industry. The acquisition demonstrates that there is an active market for high-quality companies despite the current economic climate.”

Dave Jones, VEKA Managing Director commented: “VEKA is pleased to announce the acquisition of Bowater Building Products. Since we established our UK manufacturing facility in Burnley 25 years ago, VEKA has continued to invest in its systems, people and plant and is now in the position to demonstrate further commitment to the local and UK market with this acquisition. Whilst this acquisition will see us emerge as one of the largest manufacturers of window system in the whole of the UK, we remain a family owned firm and will continue to offer our customers the level of top quality products and services they have come to expect. We believe that this is fantastic news for VEKA.”

The legal team at Brabners Chaffe Street included Corporate Associates, Ruth Hargreaves and William Ngan, Commercial Associate, Colin Bell, Corporate Solicitor, Leo Carroll and Property Associate, Paul Nicholls. Wragge & Co acted for the seller.


For further information contact Caroline Litchfield at Brabners Chaffe Street on 0161 836 8800

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