International law firm Trowers & Hamlins has advised the selling shareholders on the sale of Fraser Anti-Static Techniques Limited, a Devon-headquartered multi-national anti-static equipment manufacturer, to SDI Group plc for £16.88 million.
Fraser Anti-Static Techniques Limited is a specialist developer and manufacturer of anti-static products of over 30 years standing. With established sales bases in the UK, Shanghai and Germany, and a distribution network spanning over 40 countries, the Company provides niche products and technical expertise to its customers worldwide.
SDI Group plc designs and manufactures scientific products for use by the life sciences, healthcare, astronomy, consumer manufacturing and art conservation markets.
The deal was led by Lynne Rathbone and Matthew Libby with support from Rose Wakefield and members of the Property team, Lynn Onyett and Becky Moore, IP team, Alice Stripe and Joe Armstrong, and Employment and Pensions teams, John Turnbull and Martin McFall.
Corporate Partner, Lynne Rathbone commented:
"We are pleased to have worked closely with our clients on the sale of their business to SDI, and we wish the FAST team every success for the future as they embark on the next stage of their exciting journey as part of the SDI Group".
Bob Fraser, Founder and Director of FAST, said:
"We were very happy with the support we received from the team at Trowers & Hamlins and we look forward to working with SDI going forward".