Alfreton family business sold in multimillion-pound deal
Amberol, the Derbyshire-based self-watering planter and litter bin maker, has been sold in a multimillion-pound deal to Leafield Environmental.
Amberol, based in Alfreton, is a family-run business that was set up in 1969. Accountancy firm Azets advised the company on the deal – the exact value of which hasn’t been disclosed.
Exiting managing director of Amberol, Patience Atkinson, said: “As a shareholder of a family business, choosing the right time to exit was a challenge. Thanks to guidance from the Azets’ team, namely Mark Selby, Tom Eastwood and Doug Allan, who delivered full advisory service to us as the vendors, we’re confident in the continued success of Amberol under Leafield Environmental’s wing, at a crucial time in growth for both companies.
“We wish the team at Leafield Environmental all the best and look forward to following their journey.”
Mark Selby, partner at Azets added: “Working with the shareholders and management of Amberol has been a highly enjoyable journey from start to finish. In partnership with our Azets colleagues and Nelsons Solicitors, we delivered a fantastic deal for our client.
“Amberol’s products and brand are well-recognised within the street planter and street furniture market. New owners, Leafield, were identified as an ideal buyer for the business due to the overlap in offering and outlook. We look forward to seeing the continued success of Amberol under Leafield’s ownership.”
Azets provided corporate finance and tax advisory services to the shareholders of Amberol, alongside David Kaplan and Liz Mills of Nelsons Solicitors