Birketts Advises Norfolk Family Business On Sale
12th February 2018 Paul Andrews
Leading law firm Birketts has advised the sellers on the sale of Howarth Engineering to Milltech Precision Engineering for an undisclosed price.
The deal sees Milltech, a subsidiary of Indutrade, continue to invest and remain at the cutting edge of machining technology. Andrew and Mark Randall will remain in the business for a period following completion to oversee a smooth transition of ownership.
Established in 1971 Howarth Engineering established itself as a versatile, innovative and reliable CNC Precision Engineering supplier to many businesses nationwide, specialising in such sectors as automotive engineering, telecoms, astronomy and power generation.
Birketts acted for Andrew and Mark Randall and advised on all legal matters with the sale co-led by Ed Savory and Nikki Reid.
Andrew Randall, Managing Director at Howarth Engineering commented: “Birketts’ has a fantastic reputation for advising on company sales and the commercial desire to get deals done. The team also understood our idiosyncrasies as a second generation family-owned business and ensured that the business that our family has built-up remains in safe hands.”
Ed Savory said: “I am delighted that we have been able to secure the sale of Howarth Engineering for Andrew and Mark. We were able to draw upon our sector expertise and marry that with a multi-disciplined team to secure the sale to Milltech within the agreed timeframe.”