Hill Dickinson advises Billington Group on Carr’s Billington Agriculture deal
Hill Dickinson advises The Billington Group on sole ownership of Carr’s Billington Agriculture
Leading commercial law firm Hill Dickinson has recently advised The Billington Group, a food manufacturing and agriculture specialist, as it becomes the sole owner of agricultural supplier Carr’s Billington Agriculture Ltd, through the acquisition of 50% of shares from joint owner Carr’s Group plc.
Liverpool-headquarted The Billington Group is a fifth-generation family company with manufacturing and trading businesses operating in the food and agriculture sectors, this transaction should propel the group’s intentions grow its market presence in the latter.
Advising The Billington Group was Hill Dickinson Chair, Jonathan Brown, supported by a multidisciplinary team including Richard McKay (legal director, Corporate), Barry Gibb (partner and head of Pensions and the Manchester office), Jon Pearson-Basudev (senior associate, Real Estate), Richard Capper (partner and head of Banking and Finance), and Graeme Alder (legal director, Commercial).
Commenting on the deal, Jonathan Brown said: “This is a significant transaction for The Billington Group, and we’re very pleased to have got it across the line. Carr’s Billington is already an established and trusted agricultural supplier, and this acquisition marks a pivotal stage for The Billington Group’s growth plans. We wish the team every success for the future.”
The Billington Group chief executive Gary Blake said “This announcement is a major step forward for the Billington group’s overarching strategic ambition to grow further into UK Agriculture supply. This is great news for Carr’s Billington customers, suppliers and staff as we look to develop and grow the business’s offering in the future.”
The deal is subject to shareholder approval due to Carr’s Group’s listing on the London Stock Exchange, which will be made 16 days from today.