Shepherd and Wedderburn advises Trunature in tying up string deal
Shepherd and Wedderburn acted for Trunature Holdings Ltd in its acquisition of Glasgow-based twine and string manufacturer Henry Winning & Co Limited.
Trunature, a fast growing UK manufacturer of meat netting, purchased Henry Winning, a company established 130 years ago, and the only remaining UK provider of a full range of natural and synthetic twines. It holds the British Retail Consortium (BRC), Grade A accreditation, vital to the company’s many customers in the food sector. The sale marks the exit of the current shareholders John and Elizabeth Hamilton, John being the great grandson of the founder.
Trunature managing director, Stewart Revill commented “Winnings fits perfectly into the Trunature Group, complementing our global BRC accredited manufacturing facilities, from which we are now supplying to over 50 countries worldwide. I have been in discussions with John Hamilton for some years, and we have established a good rapport which helped with our negotiations to acquire this iconic business.
“As ever we were delighted with Shepherd and Wedderburn's support in this acquisition. In my many years of experience with George Frier at the firm, he has always been very hands on and puts things to us in a commercial way. He knows how to get people to make a deal happen. We would recommend him and the firm without any hesitation. “
John Hamilton, retiring managing director at Henry Winning, commented, “Trunature has extensive knowledge of textiles and the markets our product sell in. I am delighted that Trunature will continue with our operation here in Parkhead.”