Contributed by Scrutton Bland
24/05/2019 - Scrutton Bland
|The owners of the successful filtration specialist Bollfilter UK Ltd have recently completed a managed exit of their firm, in a deal brokered and advised by Scrutton Bland. Managing Director John Dow and Financial Director Veronica Brown, operating as Geedon Ltd, have sold their controlling 75% share of the business to the manufacturer and 25% shareholder Boll & Kirch Filterbau GmbH.|
The cross-border transaction between the Tolleshunt D’Arcy based business, and the German buyer was completed on 7th May. Scrutton Bland Partner Luke Morris, who led their Corporate Finance team in this transaction said: “Over the years John and Veronica have built up Bollfilter UK Ltd as an exceptionally well-managed and very successful business in the field in which it operates. It was a privilege to work with them, the management team they have developed, and their German partners, to assist with a transaction that meets the requirements of all sides. It provides John and Veronica with a managed retirement from business, provides the existing UK management team continuity with a partner that is already known to them, and allows the German partner Boll & Kirch Filterbau GmbH to provide controlling support to the UK operation.”
Bollfilter UK Ltd is a specialist in the filtration processes of liquids and gases for industries such as shipbuilding and engine constructions, steel, automotive and chemical industries, power generation, water treatment and supply. Former owner John Dow commented “Veronica and I have had a very fulfilling experience in building the company along with our partners BOLL & KIRCH, from small beginnings to a market leading position. It felt like the right moment in our working lives to step aside so made a business plan to ensure a strong succession continuity of the business and the BOLLFILTER brand. We were pleased to work with the team of advisers at Scrutton Bland who provided first class advise and expertise to move the process to a successful conclusion for both seller and buyer.”
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