Shaping up to be a golden year for Vacform
October, 2017
Leeds law firm Blacks Solicitors LLP, has overseen and helped complete a management buy-in for the internationally recognised plastic mouldings company Vacform Group Ltd.
Mustafa El-Etriby joins as a shareholding director alongside Kevin Quinn and David Aarons, as the company celebrates its 50th year in business. As long standing clients, the trio chose Blacks to handle its legal affairs throughout the deal and help deliver an effective succession pathway for the company moving forward.
Dave Paterson, Corporate & Commercial Partner at Blacks, led the team on the management restructure. He said: “We are delighted to have assisted David, Kevin and Mustafa achieve their desired restructure of the Vacform Group, during which the entire process saw a seamless reorganisation, accommodating the respective parties’ interests. Yorkshire should be proud to be home to such an innovative and cutting edge company.”
The buy-in will see current Managing Director, Kevin Quinn, increase his shareholding in the company. He added: “I’ve been part of Vacfom Group for more than 27 years and I’m extremely proud to now have a significant share in such a fantastic company. With David taking a more non-operational role moving forward, Mustafa and I feel we have the experience and knowledge now between us to secure the future of the company and pave the future for growth and success.”
After 11 years in a technical and operational role for Vacform, Technical Director Mustafa El-Etriby is settling into his new shareholder role at the company’s HQ in Leeds. He concluded: “This is a really exciting time for the group, I’m looking forward to joining Kevin and David to drive the company forward to even more success in the future. We want to thank Dave, Asad and the rest of the team at Blacks who made the process as smooth and simple as it could be.”
For more information about the management buy-in or advice on how Blacks could help your business, please contact Dave Paterson via email DPaterson@LawBlacks.com or call 0113 227 9341.
Marketing Manager
0113 207 0000
