The corporate team at Spearing Waite LLP has advised Global Technology Group, Freudenberg on its acquisition of Lancashire based Metflex Holding Company Limited, in a deal that will see it become part of its international Sealing Technologies division.
Founded in 1919 Metflex specialises in the manufacture and supply of precision moulded components, rubber seals and diaphragms across a global multi-industry customer base. Its ability to offer a service that delivers material development, concept planning, full project management, tool prototyping and manufacture allows it to offer a fully bespoke product across a diverse range of applications.
Freudenberg is a globally active group of companies headquartered in Weinheim in Germany and operates on a global scale across numerous markets.
Its Sealing Technologies division is the industry-leading specialist in sealing applications and its supplies, as well as develops products for customers across a wide variety of industries including automotive, civil aviation, machine-building, ship construction, food, pharmaceuticals and the agricultural & construction equipment sectors.
Freudenberg’s CEO, Mohsen Sohi commented
“With this acquisition we are strengthening our established businesses in general industry with additional innovative technical solutions”.
Spearing Waite’s team was led by Head of Corporate Group, Martin Smith and included Commercial partner Ian Thomson, Real Estate partner Erin Vickers and Corporate assistant Hannah Tessyman. Martin commented “We are delighted to have advised Freudenberg on this important strategic UK acquisition. It demonstrates our ability to advise large international corporates on significant UK investments”.
Pinsent Masons’ Leeds Office provided legal advice to Metflex.