Composites industry specialist snapped up in share sale

Credit: Magnum Venus Products

Composites industry specialist Magnum Venus Products Europe has been acquired by the Tricel Group.

MVP Europe, a supplier of specialist equipment and materials to the UK composites industry, will join Glouchestershire-based Tricel Group 30 years after being launched, following a share sale.

Based in Brierley Hill, West Midlands, MVP Europe collaborated with advisors at Knights on the sale.

Jon Start, partner, and Alex Morris, senior associate, led a team of specialists, supported by employment lawyers Mia Drury and Michelle Wooding.

Mark Owen, owner of MVP Europe, said: “I was delighted with the expertise and professional support provided by Jon, Alex and the team at Knights. Their diligent and commercial approach combined with excellent legal advice was fundamental to achieving completion of the transaction.”

Tricel Group were also advised on the long-running transaction by Knights and was supported by James Hawkins partner, Linda Wylie employment specialist, and Caroline Melville, real estate lawyer.

David Flahive, chief financial officer at Tricel Group, said: “This was a lengthy and complex transaction and once again James and the rest of the Knights team at Bristol delivered the high levels of service and expertise that Tricel have grown to expect.”