Addleshaw Goddard advises on shareholder buyout of chemicals business Airedale
International law firm Addleshaw Goddard has advised chemicals business Airedale Group Holdings Limited on the completion of a shareholder buyout.
Airedale is a value-add distributor and manufacturer of speciality and commodity chemicals. Founded in 1973 and based in Cross Hills, North Yorkshire it has a particular focus on the water treatment industry as well as sectors such as food and drink.
The deal involved Airedale raising debt financing to complete a buyout which sees executive chairman Chris Chadwick become majority shareholder, with the remaining shareholding shared amongst the senior management team.
Addleshaw Goddard's team included Richard Hunt, Becky Sabin, Shannon Hardcastle and Nazaneen Ahmadi (Corporate), Andrew Fordham, James Washington and Ellen Bower (Banking) and Martin Griffiths (Tax).