Greendale Group, a third generation family owned marine business based in East Devon, has sold its shellfish trading business, which deals with over 100 fishing boats across the South West, and four scallop fishing vessels to Macduff Shellfish, Europe's largest wild-caught shellfish processor, with the assistance of law firm Ashfords LLP.
The acquisition will enable Macduff to build relationships with local fishermen to help grow the business in the South West of England. The Greendale Group's Shellfish Trading Division will transfer to Macduff Shellfish's employment, joining around 400 other colleagues throughout the UK.
Ashfords advised Greendale Group throughout the sale to Macduff Shellfish. The Ashfords Team was led by Corporate Partner Louise Workman and Solicitor Kathy Cracknell. Charles Hattersley (Partner), Charles Pallot (Partner) and Su Apps (Associate) also advised on the buying and selling of the vessels and employment aspects.
Other advisers in the deal were Francis Clark, who advised Greendale Group on tax and Stones Solicitors who advised on the property aspects.
Louise Workman, Corporate Partner at Ashfords LLP, commented:
"We were delighted to have advised the shellfish trading business, Greendale Group, on the sale of the company and assets to Macduff Shellfish. We believe this is a strong move for both parties involved and will be highly beneficial to the fishing industry. This move will help to build long-lasting relationships with other fishermen in the South West and expand the fishing community."
Mat Carter, Director at the Greendale Group, said:
"The sale of the business to Macduff Shellfish is in the best interests of our employees and the South West fishing community. This will allow us to focus on our many other business interests for the future and we are certain the company will be in safe hands.
Thank you to Louise Workman and the rest of the Ashfords Team for their hard work and assistance throughout the sale to get everything completed as quickly and efficiently as possible."