HMT, led by partner Andrew Thomson, advised the shareholders of Basildon Chemical Company Limited on the disposal to KCC Corporation, an international chemical manufacturer based in South Korea. HMT led a competitive sales process which resulted in realising maximum value for the shareholders.
Basildon was established in 1971 by Kelvin Bryon who has successfully grown the business to become a leading specialist manufacturer of silicone emulsions and compounds. With its unique products and acknowledged expertise, it is recognised worldwide for its products. Operating from the UK, Basildon serves international consumer markets including personal care, pharmaceuticals and food processing.
The acquisition provides KCC with a growing speciality business and adds specialist capability and expertise to its existing business. The acquisition also provides KCC with a presence in the UK with the solid operations of Basildon, allowing for increased globalisation of the KCC brand, whilst also securing a supply of silicon products to its existing business.
Andrew Thomson commented:
“Kelvin has created a highly successful business over the past 40 years and HMT are delighted to have assisted in the culmination of this success with the shareholders realising significant value. The transaction provides KCC with a growing niche business that will provide a great platform for them in the UK.”