Adams & Remers advise on sale of global water testing company
30 Nov 2008
Sussex law firm Adams & Remers has advised the shareholders of Seal Analytical Ltd, a leading manufacturer of water quality analysis equipment for environmental and industrial laboratories, on its sale to Porvair plc for up to £6.3 million.
Seal Analytical Ltd was sold by its shareholders – amongst others, Tim Brittain, Seal’s managing director, Jim Brathwaite, Seal’s chairman and chairman of SEEDA, and the South East Growth Fund, a £30m venture capital fund committed to investing in fast growing SMEs in South East England – earlier this summer.
Seal’s main products, analysis equipment and related consumables, are highly regarded. Its seawater testing systems are the industry standard and over the past four years it has grown its US business to become the market leader. Seal is based in Burgess Hill, West Sussex, and has larger operations in Germany and the USA.
Porvair, based in Kings Lynn, Norfolk, is specialist filtration and environmental technology group, supplying this market with laboratory consumables, porous plastics and water filters.
Commenting on the sale Douglas Stewart said: “Seal Analytical is the market leader in the water testing field. It is a growing global market as water quality standards improve around the world and the newly combined Group is well placed to continue to lead this market.”
Tim Brittain, managing director, Seal Analytical Ltd, adds: “Adams & Remers guided us through the complexities of the negotiations, legal documentation and communications with our shareholders. We have all been tremendously impressed with the quality of the advice and efficiency of service and highly recommend them for this type of transaction.”
Travers Smith, led by Corporate partner Andrew Gillen, advised Porvair plc.
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