WARWICKSHIRE law firm Wright Hassall acted on a multi-million euro deal which saw an American fishing tackle manufacturer reunited with an old colleague.
Zebco Brands has acquired German firm Zebco Sports Europe for an undisclosed sum, with the two companies having previously had the same corporate parent until a management buy-out in 2001.
Since then Zebco Brands has operated in the Americas and Asia, while Zebco Sports Europe continued to develop its business in Europe, the Middle East and Africa, under the ownership of Peter Delwes.
He will remain as managing director of Zebco Sports Europe and report to Zebco Brands President, Jeff Pontius.
Robert Lee, head of corporate at the Leamington Spa practice, acted on the deal for Zebco Sports Europe which involved the sale of its business and assets in the UK, France, Germany and USA.
“We have worked with Zebco Sports Europe for over eight years and have supported their sustained growth over that period,” he said.
“The management of this complex corporate project required cooperation with a network of lawyers across Europe and the US, something we are more than comfortable with.
“Both parties were happy with the final outcome and this agreement should enable them to prosper for the foreseeable future as it provides the opportunity to expand across Europe and sell more products.
“There is a lot of research to suggest that operating overseas will help UK businesses to flourish and I think this is a good example of this given that one of Zebco Sports Europe’s offices is based in Oxford.”
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