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Jobs saved as building firm depot is taken over
12:00pm Thursday 10th January 2013 in News
TEN jobs have been saved at a Swindon builders merchants, after a Midland law firm advised on its acquisition.
The corporate and property departments of Leamington Spa solicitors Wright Hassall combined to oversee Warwick-based MPS Builders Merchants’ acquisition of the Swindon depot of Burdens after the Wiltshire business entered administration.
The freehold premises, lorries, plant and equipment, stock, assets and staff of Burdens Swindon have now been transferred to MPS, adding to a portfolio that includes sites in Birmingham, London, Fareham and Warwick.
Burdens was established in Birmingham in 1929, but entered administration last year and 22 of its sites were acquired by Wolseley UK.
Steve Halkett, of Wright Hassall’s corporate team, which advised on the deal, said: “For MPS, the acqui-sition of the Swindon depot of Burdens complements their operation perfectly.
“It will help to continue the firm’s steady growth while improving the strength of existing client relation-ships and providing great standing in a new geographical area.
“The deal had to be completed swiftly and efficiently, not least as the jobs of the Swindon depot staff were at stake.
“This particular deal also demonstrates Wright Hassall’s ability to offer a comprehensive bespoke service. Not only did the corporate department advise on the purchase of the business and its assets, but the property department took care of the legal work required with regard to the freehold property.”