A worldwide leader in fishing tackle manufacturing can now cast its net over a deeper client pool thanks to a law firm.
A worldwide leader in fishing tackle manufacturing can now cast its net over a deeper client pool thanks to a Midlands law firm.
Wright Hassall has acted on a multi-million euro deal to reunite US-based Zebco Brands with Zebco Sports Europe whose head office is in Germany.
The two companies previously had the same corporate parent until a management buy-out in 2001.
Since then Zebco Brands has operated in the Americas and Asia, while Zebco Sports Europe continued to develop its business in Europe, the Middle East and Africa, under the ownership of Peter Delwes.
Delwes will remain as managing director of Zebco Sports Europe and report to Zebco Brands President, Jeff Pontius.
And it is forecast that Zebco Brands’ acquisition of Zebco Sports Europe will lead to further major growth on an international level.
Robert Lee, Head of Corporate at Wright Hassall, acted on the deal for Zebco Sports Europe which involved the sale of its business and assets in the UK, France, Germany and USA.
He said: “We have worked with Zebco Sports Europe for over eight years and have supported their sustained growth over that period.
“This just goes to show the versatility of our corporate team and that is highlighted by this particular deal.
“The management of this complex corporate project required cooperation with a network of lawyers across Europe and the US, something we are more than comfortable with.
“Both parties were happy with the final outcome and this agreement should enable them to prosper for the foreseeable future as it provides the opportunity to expand across Europe and sell more products.
“There is a lot of research to suggest that operating overseas will help UK businesses to flourish and I think this is a good example of this given that one of Zebco Sports Europe’s offices is based in Oxford.”
