TRANSACTION INTERVIEW 101 The MBO has given Lakeland a secure future for manufacturing chemicals in the UK market. What effect do you expect the appointment of the new board will have on the trajectory of Lakeland and the wider UK chemicals industry? The MBO has given Lakeland a secure future for manufacturing chemicals in the UK market. It has given the current staff job security, something that the last management team wanted to achieve. The new board are focused on continuing the excellent reputation of Lakeland in the chemical industry and the move has given confidence that their product range will be available under the same terms and quality that has been achieved over the last 60 years. In turn, this gives Lakeland’s customers confidence to develop their own products using the Lakeland range, knowing products will be available for the foreseeable future. The UK chemical industry has expressed relief that the company has remained privately owned and is still manufacturing in the UK. With further investment, Lakeland Laboratories Ltd will strive to develop more products and to strengthen relationships with both customers and suppliers. We are looking forward to continuing to work closely with Paul, Eric, Cath, Sarah and Jamie, whom we have already been working alongside as Lakeland’s external financial advisors. How did your team’s work on this operation fit the profile of your firm? Our senior management team at LWA are well versed in developing and maintaining long-term relationships with clients. Our firm’s ethos is to go way beyond providing standard compliance, and is based on the principles of ‘Know, Like and Trust’. This has been evident in the level of our service provided to the Lakeland Laboratories team for the past 15 years and has been a key factor in being trusted to provide advice for this successful MBO. Contact South Manchester office: 8 Eastway, Sale, Cheshire, M33 4DX | Tel: 0161 905 1801 Warrington office: 113 Newton House, Birchwood Park, Warrington, WA3 6FW | Tel: 01925 830 830 Email: mail@lwaltd.com | Website: lwaltd.com @Leavitt Walmsley Associates Ltd (LWA) @lwaltd @LWACharteredCertifiedAccountantsLtd @lwaltd Financial Advisor on the transaction:
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