Azets, the UK Top 10 accountancy firm, has advised Bradford based chemicals manufacturer Christeyns UK Limited on its acquisition of Gannon Chemicals Ltd.
Christeyns UK Limited is part of the international Christeyns Group which has a turnover of over 280 million euros. Christeyns UK Limited provides hygiene solutions for professional textile care, food processing and retail, the professional cleaning industry and the medical life sciences sector.
Gannon Chemicals Ltd is an expert producer of sustainable cleaning solutions and performance measurement systems. Based in Ballindine Co. Mayo, Ireland, the company was founded in 1972.
The acquisition is part of a strategic move of continued growth in Ireland for Christeyns which strengthens its presence in an important sector.
Azets provided lead advisory services, led by Corporate Finance Partner Rob Burton.
Julie Roberts, Finance Director of Christeyns UK Limited said: “We are delighted to have acquired Gannon Chemicals, an established and highly reputable company with a great track record. This deal will support our expansion into the Republic of Ireland. We expect both companies to experience sustained growth over the coming years.”
“We received terrific support from Azets, who helped us navigate and negotiate the sale. We appreciate the dedication of the team in managing a smooth process throughout and delivering a successful transaction.”
Rob Burton, Corporate Finance Partner at Azets said: ‘We are delighted to have advised Bradford based Christeyns on its latest acquisition. It is a great success story for a Yorkshire based manufacturing business to continue its expansion into key markets and geographies and they’re in a fantastic position to take the company from strength to strength. This deal demonstrates the vibrant business environment in Yorkshire.”