KBS Corporate Oversees the Acquisition of East Anglian Fine Weld
East Anglian Fine Weld is a long-standing manufacturer of heat-sealing components, which are supplied to clients operating within the packaging industry throughout the UK and internationally. East Anglian Fine Weld was founded in 1983 and commenced trading, quickly establishing itself within its sector and building up relationships with new clients. The company is the only UK company and one of five globally to manufacture heat seal elements and stainless-steel belts.
Hans Reif and Sally Reif, the shareholders of East Anglian Fine Weld, instructed KBS Corporate with the sale of their business to enable their retirement plans.
The opportunity attracted 22 interested parties, with the vast majority coming from trade. This resulted in a competitive bidding environment with the successful offer coming from LBO Corporation PLC as part of their growth via acquisition plans.
Luke Rae, Corporate Deal Executive at KBS Corporate advised East Anglian Fine Weld.