Freeths advises Westbrook Holdings on Employee Ownership Trust (EOT)
National law firm Freeths has advised £67m turnover metals and minerals supplier Westbrook Holdings Limited, trading as Westbrook Resources, has been sold by its shareholders to an Employee Ownership Trust.
Westbrook sources, stocks, and supplies materials across all continents, dealing with over 60 different metals and minerals in more than 40 countries.
The deal will see Shaun Walton remain as chief executive, and Nick Jones will continue as managing director. The rest of the senior management team will also stay in place, working with them to take the company forward and oversee its continued growth.
Commenting on the deal, Lisa Wallis said: “It was a pleasure to work with Westbrook and Castle Square on this transaction, securing an exit for the shareholders and allowing the Employee Ownership Trust to continue developing the business going forward, for the benefit of the employees.”
‘Doing the right thing’ is at the heart of Freeths. Find out more about our excellent client service and the strong set of values that guide the way we work.
Talk to us
Freeths are a leading national law firm with 13 offices across the UK. If you have a query about our services or just want to find out more, why not give us a call?
Contact: 03301 001 014