Squire Patton Boggs in Leeds has acted for Banner Chemicals Limited UK, a subsidiary of international chemicals business, 2M Holdings, on the acquisition of advanced cleaning and industrial chemicals specialist Stowlin Limited.
Headquartered in Runcorn, and operating depots in Middlesborough and Liverpool, Banner Chemicals is a leading chemical distributor & supplier of bulk & packaged chemicals.
Based in Leicester, Stowlin is a major supplier of commodity and industrial chemicals and solvents and is a licensed waste removal contractor.
The joint portfolio of Banner’s Precision Cleaning Solutions (PCS) Business Unit and Stowlin will provide customers with an enhanced and complete range of solutions for metal surface treatment, cleaning and phosphating.
“I am delighted that Stowlin will be joining Banner. Banner’s long history and product expertise will provide a sustainable base and increased offering to our current customers, who will reap the benefits” said Nigel Sullivan, managing director of Stowlin. Mr. Sullivan will remain with the business as a consultant.
“By joining forces, we are providing our existing and future customers with access to a wider and richer product portfolio” said Mottie Kessler, Chairman & CEO of 2M Holdings Ltd, the owners of the Banner Chemicals Group of companies. “We are also adding Leicester to the existing Banner distribution map, meaning we can reach our customers more quickly and easily, wherever they are.”
The Squire Patton Boggs team advising Banner Chemicals Limited UK was led by Leeds Corporate partner Richard Hunt, assisted by Craig Pettit and Ben Chalkley.
Richard Hunt commented: “We have been advising Banner Chemicals Limited and the wider 2M group of companies since 2009, and this latest acquisition builds on the successful group strategy of combining strong organic growth with targeted acquisition opportunities. This acquisition adds to the already strong UK platform of the group and we look forward to continuing to support management with their growth plans.”
