Leading acrylic fabricator Wrights Plastics recently completed its acquisition of Mid West Displays, with the corporate team at Wilkes providing legal advice on the transaction.
Wrights Plastics, based in West Bromwich and with a staff of approximately 100 is a family-run business specialising in the manufacture of retail display and Point of Sale products for the retail market. Managing Director, Mike Wright led the acquisition of Shrewsbury-based Mid West Displays for a significant (undisclosed) sum.
Said Wilkes’ Corporate Partner Rick Smyth who advised on the deal “We were absolutely delighted to be involved in Wrights Plastics’ most recent acquisition and provide advice on such a strategic deal. The addition of Mid West Displays will make a material difference to the business and allow it to enhance its offering to the market on a number of fronts. Both companies have demonstrated their long term commitment to UK manufacturing over many years. We are now excited to watch Wrights Plastics as it continues its ambitious business plans with added expertise and product lines”.
Comments Mike Wright “This was Wrights Plastics’ first acquisition since 2010 and our first with the Wilkes’ corporate team handling the legal side. As always, the deal threw up a number of unforeseen challenges. However, we were delighted with the way that the Wilkes team resolved those efficiently in order for us to complete the deal within a reasonable timescale”.
If you would like more information about how Wilkes can help your business, please contact Rick Smyth on 0121 710 5932.