Reading: Blandy & Blandy advises on reorganisation and £6.5m sale of Stontronics to Stadium plc
Blandy & Blandy's corporate team, led by partner David Few and assisted by associate solicitor Peter Woolley and solicitor Christopher Wilson, has successfully advised on the sale of Stontronics, a UK-based manufacturer and distributor, to Stadium Group in a deal worth £6.5 million.
The team was supported by commercial property partner John Dingle and solicitor Julian Spence. The deal involved a pre-sale re-organisation involving the sale by Stontronics of its luxury garden furniture business to Branston Enterprises, which will continue to operate from its premises in Reading.
Based in Reading since 1988, Stontronics is a leading global provider of power supply units, transformers, convertors and adaptors.
Paul Branston, managing director of Stontronics said: “We are delighted with the benefits this acquisition will bring to Stontronics through product and sector synergies, cross-selling opportunities and improved economies of scale. I would also like to thank David Few and everyone who has been involved with the sale at Blandy & Blandy.”
Few said: “It has been rewarding to work with the shareholders over the past few months on this sale. Stadium, Stontronics and their customers will clearly benefit from the enhanced services that can be provided and we wish Paul and his team every success in the future.”
Charlie Peppiatt, chief executive of Stadium Group, said: “This exciting acquisition supports our group strategy to build a leading design-led electronic technology solutions group with a portfolio of value-adding complementary products, design and integration capabilities. Supported by a global footprint, we aim to simplify the supply chain and reduce time to
market for our customers.”
With offices in Reading and London, Blandy & Blandy is a top tier regional law firm. The corporate team is highly experienced in advising clients on areas including incorporation, mergers and acquisitions, restructuring and expansion and banking and
corporate finance.
