Douglas-Jones Mercers Corporate and Commercial team headed by Sheraz Akram advised the shareholders of the Glass Systems Group on the sale of the entire issued share capital to Press Glass UK Limited which is the UK subsidiary of Press Glass SA one of the biggest operators in the glass industry in Europe.
The existing team of Glass Systems Group will be maintained and will work with the new owners to drive the business forward. The Glass Systems Group already one of the biggest operators in the UK has ambitious growth plans.
The Douglas-Jones Mercer team was led by the head of the Corporate and Commercial team, Sheraz Akram who was supported by Michael Price (Director; Commercial Property) who dealt with the property aspects of the transaction and also Aaron Hayward, Zoe Lowe and Jenna Birch of the Corporate and Commercial team.
Sheraz Akram commented that “the Glass Systems Group is one of the largest businesses in Wales supporting a large workforce and providing an important contribution to the Welsh economy. The purchase of the Glass Systems Group by Press Glass will create one of the largest operators in the glass industry within Europe and will act as a catalyst for further expansion within the UK by the Glass Systems Group. The individual specialisms that are held by the two entities complement each other perfectly providing routes into different markets and areas of work. We were pleased to have been involved in advising on yet another transaction of this size and complexity and the transaction highlights the expertise held by our Corporate and Commercial and Commercial Property teams at DJM.”