Milbank Group’s Acquisition of Silostop

In UK Birketts LLP, advised on the matter.

Birketts LLP advised Milbank Group with a team including Stephanie Newman (Picture – Corporate M&A).

The Milbank Group (Milbank) purchased Bruno Rimini Ltd (trading as Silostop).

Milbank’s strategic approach is two-fold: to grow its market reach by investing in new business and by making acquisitions that will add value to its existing companies. In this instance, the synergies between standing Milbank company ARK Agriculture (ARK) and Silostop is expected to add further value to the organisation’s offering.

Essex-based, family-owned company, Milbank, known for its precast concrete products, has grown its existing portfolio, which includes Cadman Cranes, Sui Generis International, Orion Future Technology, Nicola Jane, Xanthos and ARK, with the acquisition of Silostop.

ARK specialises in the supply and design of silage products, including a patented sloping walled silage clamp, silage and side wall sheets, econoblinds and gravel bags. Given ARK’s position as nationwide leaders in silage storage, the addition of Silostop perfectly complements its existing range of agricultural solutions.

Based in Finchley, North London, Silostop operates through a global network of strategic distribution partners and has offered product solutions across the agricultural sector for over a decade, building its reputation as one of the foremost global agricultural specialists worldwide.

A significant figure in the rapidly growing anaerobic digestion power generation market and pioneers of the oxygen barrier silage film, Silostop films are used on some of the largest dairy and beef farms in the world, to support farmers around the world in the production of better silage. Silage (the compression of crops into silage clamps which are then covered with anaerobic film) is an essential activity within the dairy and livestock sector, helping to provide feed for animals during winter.

The deal was led by Stephanie Newman (Picture – Corporate), with additional assistance provided by Megan Simpkins (Corporate).

Ensors Chartered Accountants provided support with due diligence.

Involved fees earner: Stephanie Newman – Birketts LLP;

Law Firms: Birketts LLP;

Clients: Milbank Group;

Author: Giulia Di Palma