Shoosmiths helps save jobs

Shoosmiths helps save jobs


Author: Sophie Llewhelin

National law firm Shoosmiths has advised Unitech Industries on its recent acquisition of the business and assets of AMI Blaymires Limited.

The transaction was completed through Unitech's subsidiary, Unitech Blaymires from its Joint Administrators, John Whitfield and Matt Ingram, both of leading global financial advisory and investment banking firm Duff & Phelps.

Led by Aaron Harlow, associate in the law firm's Birmingham-based restructuring and insolvency team, Shoosmiths provided legal advice to Unitech, securing the jobs of more than 40 employees in the process. Another key member of the Shoosmiths' team was real estate associate Beth McCardle.

Unitech is the leading supplier of high quality stainless steel and aluminium equipment for the food, beverage, pharmaceutical and other hygiene conscious industries. Operating from their 75,000 square foot production facility in the heart of the West Midlands they offer a range of 'off the shelf' products, as well as bespoke fabrications.

Harlow has advised Unitech on several transactions, including its previous acquisitions of the Welequip, Stellex and Scomac businesses. All of which have been successfully restructured by Unitech.

Harlow said: "We're delighted to have been given this further opportunity to work with the Unitech team once again.

"Unitech has continued to grow and expand over the years. This acquisition will act as a positive bolt-on to their business going forward as well as secure a number of jobs in a tough economic climate."

Unitech Industries Managing Director Nick Imlah said: "We are very pleased and excited about the acquisition, and feel this fits in nicely with the core activities of the Unitech Group."