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T. Freemantle

12 Jan 2021

Established in 1996, T. Freemantle is a manufacturer of end-of-line packaging machinery.

It provides a range of manual, semi-automated and fully automated machine systems to customers predominantly in the food and beverage industries.
Lifco in Sweden, which acquires and develops niche businesses with the potential to yield "sustainable earnings growth and robust cash flows" has bought T. Freemantle.

Tony Freemantle, founder and director of T. Freemantle, who will retire following the transaction, said: "I am delighted with the acquisition of T. Freemantle Ltd by Lifco and feel that Lifco will be the perfect custodian for the company."

The deal delivers excellent value for the shareholders but also importantly a stable and secure future for our valued employees and long standing clients."

Sales director Richard Kitchen, who has been with the company since inception, will assume the role of managing director.

Camlee Group acted as lead adviser on the deal.

Max Perry, associate director at The Camlee Group, added: "We are delighted to have concluded this deal on behalf of the vendors with a buyer who has been able to satisfy the requirements of all shareholders."

T. Freemantle is a high-quality business with extremely competent management and fits Lifco's brief perfectly.

Legal counsel was provided to the sellers by Peter Allen and Ryan Brown of Browne Jacobson, with tax advice from Rob Smith at RNS Chartered Accountants.

The buyer was provided with legal advice by Oliver Duke of Walker Morris. FDD and tax advice came from Jeff Gardner and Nick Millward at BDO respectively.