Ad­vi­sor says min­er­als firm ac­qui­si­tion ‘great news’

Belfast Telegraph - Business Telegraph - - News - BY STAFF RE­PORTER

A COR­PO­RATE fi­nance ad­vi­sor has de­scribed a ma­jor ac­qui­si­tion for a client as “an­other good news story for NI plc”.

HNH was lead ad­vi­sor on the £4.5m deal, ad­vis­ing Kil­waugh­ter Min­er­als in Larne on the pur­chase of Alumasc Fa­cades from Alumasc Group plc.

The team at HNH in Belfast was led by Craig Holmes.

Mr Holmes said: “HNH was de­lighted to act for one of North­ern Ire­land’s lead­ing pri­vately owned com­pa­nies in this trans­ac­tion.

“This ac­qui­si­tion will strate­gi­cally en­hance Kil­waugh­ter’s pres­ence in Great Bri­tain and of­fer fur­ther growth op­por­tu­ni­ties across their mar­kets. It is an­other good news story for NI plc.”

Kil­waugh­ter is an es­tab­lished quarry and min­eral pro­ces­sor mak­ing lime­stone prod­ucts un­der the K Rend and Kil­waugh­ter Lime brands. It’s also the UK’S largest in­de­pen­dent man­u­fac­turer of sil­i­cone ren­der and em­ploys around 120 peo­ple.

The deal means that it now em­ploys around 200 peo­ple across two man­u­fac­tur­ing sites with six dis­tri­bu­tion fa­cil­i­ties.

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