Acquisition for fish firm

ORNAMENTAL fish importer JMC has bought the acquatics division of Pedigree Wholesale.

Dronfield-based JMC believes Pedigree Aquatics’s broad base of trade accounts serviced by a 14,000 sq ft facility in Nottingham will compliment its existing business.

Jane Flaherty, managing director of JMC, said: “Pedigree is renowned for its quality and service and is a fantastic strategic fit with the core JMC business.

“The opportunity to acquire the Pedigree business made excellent strategic sense as it allows JMC to service a larger client base whilst maintaining the quality of our service.”

Sheffield based accountants and business advisers Hart Shaw and law firm Wake Smith, acted on behalf of JMC.

Steve Bell, head of corporate finance at Hart Shaw, said: “As a long standing client of the practice we welcomed the opportunity to assist JMC with this transaction.

“It is clear that the acquisition of Pedigree is the first phase of a long term strategic plan to develop the business. The fact that we were able to structure a transaction that minimized the risk has meant JMC can take this first strategic step safe in the knowledge that the core business is secure.”

Barry Gregory, partner at Wake Smith, said: “Wake Smith has acted for JMC for many years and were delighted to have done so on this occasion. Working closely with Jane and Hart Shaw we were pleased to have been able to assist JMC in completing this exciting stage of their ongoing development plan.”