Law firm completes company sale, despite tight schedule
Manchester law firm Glaisyers has handled the sale of Centec International to BIP Organics, a provider of hazardous waste solutions to the chemical and pharmaceutical industry, for an undisclosed sum.
The deal means the future of Centec, a 28-year old Cheshire business, and its 18-strong staff, have been secured.
The amalgamation of the two businesses creates the largest solvent recycling facility in Europe.
Middlewich-based Centec International provides flammable solvent recovery services and bespoke chemical manufacture and was founded by John Blundell in 1991.
“I’m delighted to be handing over the ownership of the company to such a respected business,” said Jean Blundell, former owner and co-founder of Centec.
“My late husband and I started the business from scratch over 28 years ago and I’m thrilled that all the work that has gone into building the organisation is now being entrusted to BIP Organics, who I’m confident will take the company to the next level of growth.”
Glaisyers managed the sale for Centec, turning it round in a very tight time frame to ensure successful completion.
Akbar Ali, head of corporate at Glaisyers and responsible for the deal, said: “Centec and the Blundell family are long standing and important business clients to the firm.
“Buying or selling a company is a complex process and particularly daunting the first time round; our team has excellent credentials in the SME sector and it’s immensely rewarding to provide them with a quality-driven service.
“This deal’s successful completion is a testament to the strong commerciality, pragmatism and commitment of those involved and we’re delighted it was a positive outcome for all concerned.”
Middlewich-based BIP Organics was founded in 2006 and is a rapidly-growing multi-award winning business.
Its core strengths are the recovery and recycling of chemical waste.
Chief executive Mike Bennett said: “This acquisition is a very exciting milestone for our business and its growth.
“Centec and BIP Organics are complementary businesses which are co-located so this was a logical expansion for our business.
“We’re extremely pleased with the speed and professionalism with which this deal was handled given the tight turnaround and are looking forward to the next stage of growth for our business.”
The Blundell family was represented by Akbar Ali and Malcolm Abel, legal director at Glaisyers, together with Mike Donnan, chartered accountant, specialising in taxation.
BIP Organic was represented by Lee Warburton, partner at Voisey & Co and Tom Ellis, managing partner at Ai Law.
