Sheffield-based TGW acquired by Blue Wolf Capital

Food Production Print news article

06/06/2018

A team of multidisciplinary lawyers from Walker Morris has advised the sellers of TGW (Holdings) Limited (TGW) on its acquisition by Blue Wolf Capital Partners LLC (Blue Wolf Capital). The New York-based private equity firm has acquired a majority stake in TGW, a leading international industrial knife manufacturer.

TGW, which was founded in 1908 in Sheffield, delivers expert European craftsmanship to original equipment manufacturers (OEMs) across industries and is widely recognised as a global leader within the knife manufacturing field. In 1993, the company established TGW International to expand its business to North American markets. TGW employs 160 people globally and has offices in Sheffield; Wilder, Kentucky; Chicago, Illinois; and India.

CEO and Chairman, Richard Wolstenholme and President Jeff Litmer will transition oversight to TGW’s existing management team, which is led by Steve Corbett in the UK and Tim White in the United States.

Walker Morris fielded a team of multidisciplinary specialist lawyers to advise TGW on the acquisition including: Ian Gilbert and Richie Lamb (Corporate), Sarah Bruce (Tax) and Liz Deeley (Employment).

Steve Corbett, COO of TGW, commented:

“TGW is excited to embark on this next chapter in our long, storied history and think Blue Wolf will be a great partner in this. We are fortunate enough to have many growth opportunities in our future, and Blue Wolf shares our vision of continuing to grow and evolve as a company. With this new partnership we will continue investing in new products and providing excellent service to our valued customers.”

Richie Lamb added:

“Richard Wolstenholme is a long-standing client of the firm and we are pleased to have been able to advise him and the other sellers of TGW on its acquisition by Blue Wolf Capital. We are sure that with the support of Blue Wolf Capital, TGW will further enhance their capabilities and continue to achieve their future growth ambitions.”

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