We are delighted to have advised Logson Group on their sale to W&R Barnett Limited.
Coalville-based Logson Group is the UK's largest independent supplier of corrugated packaging. Founded in 2005 by Ian Loggie and Mike Stephenson, the Logson Group consists of four brands: Board 24, Boxes and Packaging, Cases 24 and Jardin Corrugated Cases. Collectively it offers a full range of corrugated packaging solutions from 17 locations across the UK.
W&R Barnett is a fourth-generation family business committed to growing and investing in successful operating businesses and their employees. Founded in 1896, the group has grown from its origins as a grain merchant and expanded its operations to include a wide variety of commodity trading, storage and industrial businesses. The investment represents W&R Barnett's first foray into the packaging sector.
We had built up a relationship with the Shareholders of Logson over the last few years. Through our sophisticated network and knowledge of its acquisition strategy, W&R Barnett was identified as a potential suitor.
The deal is one of 22 packaging deals we has advised on in the past four years. The deal team worked with Logson's shareholders and other advisers to provide complex transaction advice, ensuring the transaction was delivered successfully.
The transaction was off-market and was brokered by us which allowed us to advise the shareholders in the absence of industry speculation and deliver an optimum transaction structure which protected and enhanced value.
Grant Thornton were tremendous in all aspects of the transaction, in particular the preparation of the virtual data room, leading discussions with all parties involved and in the ultimate completion of the deal. I also want to acknowledge Grant Thornton's work in finding such a unique purchaser, someone totally unexpected by the industry and with whom we look forward to developing further the Logson Group.Mike Stephenson Shareholder, Logson Group