Macdonald Henderson advises on sale of Finlay Scotland to Molson Group
Macdonald Henderson has advised the shareholders of Finlay Scotland Ltd on the sale of the company to Molson Group.
Having already taken over Finlay Plant (UK) Ltd in June 2018, Molson Group now has the distribution rights for Terex Finlay mobile crushing, screening and conveying equipment across Great Britain. The current Finlay Scotland sales, hire and service organisations will remain unchanged.
Finlay Scotland managing director Tom McNeill, who previously co-owned the business with Morris Wightman, said: “Finlay Scotland Ltd has grown and flourished over the years thanks in no small part to the commitment and dedication of our team members who consistently provide an excellent service to our customers.”
Molson joint managing director Robin Powell said: “We are delighted to have acquired Finlay Scotland Ltd and look forward to welcoming their experienced and committed team into the Molson Group, alongside our Molson Finlay business.”
Mr Wightman, co-owner of Finlay Scotland, commented: “When we came to instruct lawyers to work on the disposal of our company, we took great care about our choice.
“This was a milestone event, a once in a lifetime transaction for us and it was essential that our advisors could handle the sizeable transaction, negotiate terms on an equal footing with the buyer’s “big firm” advisors and communicate their advice to us in a clear and concise manner so that we understood the technical aspects of the transaction.
“It’s fair to say that Macdonald Henderson entirely justified their selection. Our transaction required their team to work long and hard over many disciplines, with a confident approach to negotiation and a keen commercial understanding of the relationship of the parties both pre and post completion.”