Manufacturer undergoes seven-figure MBO to maintain growth trajectory

C.B. Frost & Co MBO

A Birmingham rubber and plastics manufacturer has undergone a management buyout in a seven-figure deal advised out of the city.

Digbeth-based C.B. Frost & Co was formed in 1921 and currently employs more than 20 people. The business designs and manufactures bespoke products for a wide range of industries including rail, construction, energy, automotive, military, defence and medical.

The Birmingham office of Thursfields Solicitors advised the management team on the corporate, property and employment aspects of the transaction. Tamworth-based Rutherfords advised the selling shareholders. The deal was brokered by Alan Butler from Solihull accountancy practice, Harben Barker.

Following the MBO, director David Dunn will retire from the business, but Philip Beadle will remain on the board as non-executive chairman to oversee the transition to the new management team.

The buyout is expected to spearhead growth, with the new management team being led by Paul Kennedy and Mark Jones.

Plans include expansion into new sectors and further investment in plant and machinery.

Paul Kennedy said “There is a lot of history in this company. We are grateful to Phil and Dave for letting us have this opportunity and very much look forward to growing the business.”

Tim Edwards, senior associate with Thursfields who, along with colleagues from the commercial property and employment teams, advised on the deal, said: “It was a real pleasure supporting Paul and Mark in helping them to achieve their ambitions with this deal.

“The timescales were challenging, but our multi-disciplinary team pulled out all the stops to get everything done on time.”

Pictured back row, left to right: David Dunn, Philip Beadle, C.B. Frost, Alan Butler, Harben Barker, Paul Kennedy, Mark Jones, C.B. Frost. Front row, left to right: Lauren Henderson, Daniella Tarbuck, Rutherfords, Sarah Monaghan, Stuart Price, Thursfields.