Hazlewoods advise on sale of Gloucester-based Gantrail International
PUBLISHED: 10:09 06 September 2017 | UPDATED: 10:09 06 September 2017
Will Pascall UK
The Corporate Finance team at Hazlewoods, led by Paul Fussell, are pleased to announce that they have recently advised the shareholders on the sale of specialist manufacturing company Gantrail International
Based in Gloucester, Gantrail specialises in the production of crane rail in steelworks, with worldwide recognition for high quality systems design and installation of crane rails in all industrial and commercial applications. The company has been instrumental in many large projects, from installation of crane rails at Port Botany, Australia’s second largest container port, to the Wimbledon Centre Court roof.
Hazlewoods led and negotiated the sale to Belgium based international, H.F. Holdings SA, trading as Gantrex group, an Argos Soditic portfolio company, for an undisclosed sum. Hazlewoods acted as lead adviser. Charles Russell Speechlys LLP, led by partner Richard Norton, acted as legal adviser.
Colin Cramphorn, Trustee for the majority shareholder, commented, “the team at Hazlewoods worked hard to bring the sale to a successful conclusion and were always on hand to offer advice along the way. Hazlewoods support, to both management and the shareholders, was excellent. The team were a pleasure to work with throughout the negotiations and the final deal satisfied all of the shareholders objectives.”
Paul Fussell, Partner at Hazlewoods commented: “We are delighted to have helped the shareholders achieve a successful sale. The deal is a great outcome for all parties and we wish Gantrail and its employees every success as part of the wider Gantrex Group.”