Thrings advise on the sale of Acoustic Polymers
South West law firm Thrings has advised Acoustic Polymers on its disposal to Tiflex, part of the James Walker Group.
Gloucester-based Acoustic Polymers specialises in the delivery of high performance polymeric based materials aimed predominantly at acoustic signature management for subsea environmental protection. It operates at the cutting edge of acoustic materials technology, developing specialist products to the specifications of a blue-chip customer base.
Tiflex offers high performance products and systems based on advanced materials technology and engineering. It forms part of the James Walker Group, which employs around 2,000 people and has a manufacturing and sales presence in 30 countries.
Under Tiflex ownership, Acoustic Polymers will continue to be run as an independent business servicing its existing customer base with the manufacture of specialised and bespoke items as well as developing new products, processes and materials from its site at Churcham, in Gloucestershire.
As the lead advisory on the legal aspects of the transaction, Thrings’ Corporate lawyers helped in coordinating the purchase of the entire issued share capital by Tiflex. Led by partner John Davies, the team also included associate solicitor Conor Melvin and solicitor Noah Ofulue.
Malcolm Norris, managing director of Acoustic Polymers, said: “We are delighted to be joining Tiflex, an organisation that shares our vision and approach to building lasting relationships with our clients. Their specialist manufacturing expertise will be key to delivering the next phase of our growth and I greatly look forward to working with the team in the coming years.
“I would like to thank Thrings for their unwavering support throughout the project. They expertly guided us every step of the way and were a pleasure to work with.”
John Davies, Thrings head of corporate, said: “It has been great to support the Acoustic Polymers team throughout their acquisition by Tiflex. This deal will provide them with an excellent opportunity to continue expanding their client base and improving their products, and we wish them the very best for the future.”
Corporate finance and tax advice was provided by Bishop Fleming.
