Walker Morris advises on the sale of Melett to Wabtec CorporationPrint news article
A multidisciplinary team of lawyers from Walker Morris has advised the Sellers of Melett, the trade supplier of precision engineered parts to the turbo repair industry, on the sale of its entire issued share capital to the UK arm of the US headquartered, Wabtec Corporation.
Based in Barnsley, Melett has built up a reputation for delivering engineering expertise and innovative product development and high quality manufacturing of turbo parts to the professional turbo reconditioning industry. It has operations in the UK, Europe, North America and China.
Originally established in Dewsbury in 1995, the company was bought in 2002 by Ian Warhurst, its current owner and Managing Director. Ian Warhurst commented:
“I am very proud of what we have created at Melett over the past 15 years. The company has been built on strong engineering principles, and a key to Melett’s success has been working closely with our customers and suppliers to understand what the market requires, both now and in the future.”
He added: “Becoming a part of the Wabtec Corporation will allow us to take Melett to the next level, and fully exploit opportunities within both new and existing market sectors.”
John Hamer and Oliver Duke led the Walker Morris team supported by Adrian Moss (corporate), Alan Harper, (IP), Sarah Bruce, (Tax), Richard Brearley (Real Estate), Andrew Rayment (Employment).
Oliver Duke said:
“Ian and his team have built a very successful international business over the last 15 years and it has been a pleasure to work with them during this process. This is an exciting time for Melett as it starts to move into the next stages of growth within the Wabtec family and enjoy the benefits of extended reach and distribution.”
Ben Peacock, David Hardless and Richard Firth from Park Place Corporate Finance provided corporate finance advice to the Sellers.