Ashtons advise on award-winning packaging business transaction
Ashtons Legal has advised owner Joseph Fogel on the acquisition of his company Vaiopak Limited by the Irish food services and distribution group Zeus Packaging. TLT LLP acted for Zeus. The purchase is one of three transactions totalling €15m that Zeus has entered in to in the past few months which have been widely reported in national press. The deal sees Joseph remain with the company after completion as its managing director.
Over the past 10 years under Joseph’s leadership, Vaiopak has built an enviable reputation as one of the most trusted and reliable suppliers in the food and beverage packaging industry, providing off-the-shelf and bespoke products to a long list of house-hold brands, and winning numerous local and regional business awards in the process.
James Tarling and David Sloman from Ashtons’ Corporate and Commercial department led the team that advised Joseph. James and David were assisted by Charlotte Vallins in Ashtons’ Commercial Property team and Jessica Piper from the Employment team.
David comments: “Ashtons have watched Vaiopak grow year on year thanks to Joe’s efforts, so it was a real pleasure to be able to assist him and help him get his reward from the business, which he had put so much time and energy into. We are grateful to Joe for instructing us and look forward to advising him in the future on his new plans.”
James adds: “The transaction affirms Ashtons’ regular handling of some of our region’s largest deals, and we continually grow the quality, size and profile of our corporate instructions.”
Joseph Fogel says of Ashtons’ service: “I can’t recommend Ashtons enough. The process was new to me, and James, David and Jessica have not only provided all the robust legal advice I needed to protect my position, but have also always been available at the end of the phone or email to answer my questions or concerns. I have used Charlotte for commercial property work for almost 10 years and have always been impressed by the level of service she provides. I have been very impressed by their proactive support and assistance getting this transaction over the line.”