Lakeland Laboratories’ MBO Leavitt Walmsley Associates Ltd (LWA) advised Lakeland Laboratories (Lakeland) on its management buyout (MBO) and appointment of a new board of directors. Hill Dickinson also advised Lakeland. Lakeland is a UK firm that researches, develops and manufactures versatile chemicals across the country and internationally, with a product portfolio comprising bespoke amphoterics, phosphate esters, wax emulsions and surfactant blends for the automotive, agrochemical, oilfield and industrial cleaning industries, among others. Having been founded in Astley in 1963, the firm’s MBO – which sees the exit and retirement of three of its major shareholders – also marks its 60th year in business. Lakeland’s new board is led by existing shareholder and managing director Paul McCormack. Joining him are finance director Eric Seddon, sales director Cath Buckley, technical director Sarah Oliver and engineering director Jamie Clark. Former shareholder John Thomson has stayed on as production director. McCormack said: “The new board thanks Lakeland’s previous directors for their dedication over the past years, and for completing this MBO which enables us to secure our position in the marketplace and provide job security and new opportunities for our talented team,” McCormack said in a statement. “We’re looking forward to growing Lakeland, to working closely with our customers, distributors and suppliers, and continuing our contribution to Greater Manchester’s manufacturing and export success.” ABOUT THE DEAL 98 LAWYER MONTHLY JUNE 2023
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