City law firm Speechly Bircham, has advised the shareholders of Crompton Technology Group (CTG) on the share sale of CTG to Goodrich Corporation.
CTG (www.ctgltd.com) is a leading designer and manufacturer of advanced carbon fibre composite products for the aerospace, defence, advanced vehicle and clean energy markets. Based in Banbury, CTG has a workforce of some 150 staff.
Goodrich Corporation (www.goodrich.com) , a US Fortune 500 company, is a global supplier of systems and services to the aerospace and defence markets.
Speechlys has acted as legal adviser to CTG and its shareholders since CTG was established through a management buy in led by Dr Scott Roberts, CTG’s Managing Director, in 2000.
Corporate Finance partner Will Nash, assisted by Stephanie Baird, led the Speechly Bircham team on the transaction. Jim Lavery assisted by Ceri Williams-Jones of DLA Piper in Birmingham advised Goodrich.
Dr Scott Roberts, CTG’s Managing Director and a founding shareholder, commented: “We particularly valued the pragmatic, commercial and highly responsive approach taken by the Speechly Bircham team in guiding the shareholders through this important transaction, which is consistent with the qualities they have demonstrated throughout our 10-year relationship with them.”
For further information please contact:
William Nash, Corporate Finance partner, on +44 (0)20 7427 6518 or william.nash@speechlys.com
Sarah Gerard, press office, on +44 (0)20 7427 6679 or sarah.gerard@speechlys.com