TN International’s Acquisition of Chesterfelt Ltd

In UK advised on the matter. with a team including

Waterproofing product manufacturer and distributor Chesterfelt Ltd has been sold to TN International (TNi), owners of Scottish insultation manufacturer Superglass.

The multi-million pound transaction will allow TNi to extend its operation to the UK construction market and will strengthen Chesterfelt’s service offering and launch the business to a broader international market.

TNi which has headquarters in both Western Europe and North America is considered one of the world’s market leading providers of specialist roofing, proofing, waterproofing and insulating materials. The business supplies a broad customer base that cuts across residential, commercial and infrastructure sectors which includes schools and hospitals. The group’s Superglass operation is based in Stirling, Scotland and produces sustainable glass wool insulation, using recyclable materials.

Derbyshire based Chesterfelt which formed in 1978 and has a workforce made up of 30 employees, specialises in the manufacturing and distribution of bituminous waterproofing products and supports on roofing projects for domestic and industrial buildings.

The core Browne Jacobson was led by Manchester based senior associate Ryan Brown (Picture), together with assistance from Manchester based corporate trainee solicitor Harpinder Nahl and Nottingham based Legal Director Beth Dowson and associate Christian Burchardt who supported on the tax elements of the transaction whilst Manchester based employment lawyer Nicola Hollick advised on the employment aspects.

Involved fees earner: Ryan Brown – Browne Jacobson; Christian Burchardt – Browne Jacobson; Beth Dowson – Browne Jacobson; Nicola Hollick – Browne Jacobson;

Law Firms: Browne Jacobson;

Clients: Chesterfelt Ltd;

Author: Giulia Di Palma