Taylor Wessing acts for Appleton Papers Inc. on the sale of BemroseBooth
Taylor Wessing LLP has acted for Appleton Papers Inc. on the sale of Bemrose Group Limited, the holding company of secure and specialised printing services company BemroseBooth Limited, for an undisclosed consideration.
BemroseBooth employs nearly 600 people at operations in Derby, Hull and Teesside. The buyer is an acquisition affiliate of American Industrial Acquisition Corporation, a U.S.‑based private equity firm.
Taylor Wessing had previously acted for Appleton on the £34 million acquisition of BemroseBooth in December 2003. However, Appleton announced in January 2008 that it intends to focus on its core businesses and that it would explore the sale of BemroseBooth, because it no longer complemented Appleton’s long-term strategic direction.
Tom Ferree, CFO of Appleton, commented:
"The entire Taylor Wessing team that assisted us in divesting the BemroseBooth business did a great job in what was a very difficult and complicated deal. I will certainly use the Taylor Wessing team again if the opportunity presents itself."
Taylor Wessing Corporate partner Daniel Rosenberg commented:
"We are very pleased to have worked with Appleton on this important sale, which involved a full auction process and brought together resources from across the firm in order to ensure a successful outcome."
The Taylor Wessing team advising on the sale was led by corporate partner Daniel Rosenberg and included Declan Bradley and Natasha Kirk (corporate), Gemma Parker (employment), Mark Smith (pensions), Rabel Akhund (banking) and Lucie Thomas (property).
Hugh James (Rob Morgan) acted for the AIAC affiliate.
Notes to editors
For more information please contact Claire Treacy at Taylor Wessing:
Tel: +44 (0)20 7300 4925
Email: c.treacy@taylorwessing.com
Taylor Wessing LLP is a leading law firm providing legal support for commercial organisations doing business in Europe and the Middle East. Based in Belgium, China, Dubai, France, Germany and the UK, Taylor Wessing provides the full range of legal services to major corporations and growing enterprises. Taylor Wessing boasts a strong reputation in the corporate, finance and real estate sectors alongside in-depth experience across the full range of legal services including intellectual property and technology, tax, litigation & dispute resolution, employment & pensions and private client.
Appleton Papers Inc. creates product solutions through its development and use of coating formulations and applications and encapsulation technology. Appleton produces carbonless, thermal, security and performance packaging products. Appleton, headquartered in Appleton, Wisconsin, has manufacturing operations in Wisconsin, Ohio, Pennsylvania and Massachusetts, employs approximately 2,400 people and is 100 percent employee owned.