Furley Page Partner Assists Global Company in Major Asset and Share Purchases

04 June 2008

Commercial law partner at one of the south east’s leading law firms Furley Page has assisted Aliaxis Holdings UK Ltd in reorganisations involving asset and share purchases worth millions of pounds throughout the group.

Aliaxis Holdings UK Ltd is an intermediate parent company of a worldwide group of manufacturing and supply companies in the plastics industry whose turnover in 2007 was more than €2.1 billion (euros).

Susan Jennings, 35 and head of the corporate team at Furley Page’s Thames Gateway office at Chatham, worked closely with the Aliaxis team on two group reorganisations redistributing millions of pounds within the group and a buyback of shares in one of the UK subsidiaries for more than £60 million.

Aliaxis group purchasing director Paul Baigent and Susan created template purchasing documents and a suite of terms and conditions allowing Aliaxis much greater control over what is issued to suppliers and potential suppliers.

Susan commented: “Working with Aliaxis is very rewarding – largely because of the innovative but pragmatic attitude of the group. This latest project highlighted the need for global companies to be aware of how much money they could save by streamlining their purchasing operations and having certainty about what contract terms are agreed.” 

Finance director Susan Dix added: “Susan’s can-do attitude and experience in her field result in an efficient and effective working relationship. Her friendly, accessible and practical approach, together with her legal knowledge, is a real asset to our business.”

Furley Page’s corporate team recently acted for the shareholders in the sale of Exposure Events UK Ltd - organisers of the annual Building Schools Exhibition and Conference. The purchase price was in the region of £2.6 million.

Further information contact Susan Jennings.
 

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