Ashurst advises Carr's on the sale of Engineering Division
16 January 2025
Global law firm Ashurst has advised Carr's Group PLC (Carr's) on the sale of its Engineering Division to Cadre Holdings, Inc for an enterprise value of £75m.
Completion of the transaction is expected to occur during the first half of 2025, subject to receipt of customer and customary regulatory clearances.
Carr's is a leading manufacturer and provider of value-added products and solutions, with market-leading brands and robust market positions in both the Agriculture and Engineering sectors. The Agriculture Division of Carr's manufactures and sells research-proven livestock supplements in block, bagged mineral, and bolus formats. The Engineering Division, which is to be sold, manufactures vessels, precision components, and remote handling systems, and provided specialist engineering services for the nuclear, defence, and oil and gas industries, located across six sites in the UK, the US and Germany.
The transaction represents a significant strategic move for Carr's, allowing the company to streamline its operations and focus on its core Agriculture Division.
The Ashurst team was led by corporate partner Harry Thimont. He was supported by corporate senior associates Hayley Gow, Colin Bugler, Louise Johnson, corporate associates Rebecca Karpin, Sylvia Lloyd Morris and Ben Hewett, and solicitor apprentice Coinneach Pellow.
The Ashurst team also included partners Nicholas Gardner, Nicholas Holmes and Bruce Hanton, as well as specialists from across the firm's tax, pensions, real estate, competition, employment and digital economy groups in the UK, Germany and the US.
