Birketts has advised the Milbank Group (Milbank) on its purchase of Bruno Rimini Ltd (trading as Silostop).
Milbank’s strategic approach is two-fold: to grow its market reach by investing in new business and by making acquisitions that will add value to its existing companies. In this instance, the synergies between standing Milbank company ARK Agriculture (ARK) and Silostop is expected to add further value to the organisation’s offering.
Essex-based, family-owned company, Milbank, known for its precast concrete products, has grown its existing portfolio, which includes Cadman Cranes, Sui Generis International, Orion Future Technology, Nicola Jane, Xanthos and ARK, with the acquisition of Silostop.
ARK specialises in the supply and design of silage products, including a patented sloping walled silage clamp, silage and side wall sheets, econoblinds and gravel bags. Given ARK’s position as nationwide leaders in silage storage, the addition of Silostop perfectly complements its existing range of agricultural solutions.
Based in Finchley, North London, Silostop operates through a global network of strategic distribution partners and has offered product solutions across the agricultural sector for over a decade, building its reputation as one of the foremost global agricultural specialists worldwide.
A significant figure in the rapidly growing anaerobic digestion power generation market and pioneers of the oxygen barrier silage film, Silostop films are used on some of the largest dairy and beef farms in the world, to support farmers around the world in the production of better silage. Silage (the compression of crops into silage clamps which are then covered with anaerobic film) is an essential activity within the dairy and livestock sector, helping to provide feed for animals during winter.
James Allen, Partner in Birketts’ Corporate Team said: “It was a pleasure to support Milbank once again and we are confident that their latest business acquisition presents an unparalleled opportunity for ARK to build on a successful period of growth in the agricultural sector. We wish Milbank every success with their newest addition.”
Sean Milbank of Milbank Group commented, “We are delighted to welcome Silostop to the Milbank family. This acquisition will provide the organisation with access to new markets, enable us to extend our product offering and provide significant opportunities to introduce our existing clients to a new range of innovative solutions. As regular clients of Birketts, we were delighted once again by the team’s stellar service. Demonstrating sharp business knowledge, an excellent understanding of the commercial landscape and a pragmatic approach, the deal was closed with their usual skill and efficiency.”
Francis Auchincloss, Managing Director of ARK concluded, “With its values closely aligned with those of Milbank and ARK, the acquisition of Silostop marks a significant step in the organisation’s expansion plans. We look forward to collaborating closely with Silostop to ensure that their staff and distributors across the agricultural sector are supported through this transition period.”
The content of this article is for general information only. It is not, and should not be taken as, legal advice. If you require any further information in relation to this article please contact the author in the first instance. Law covered as at January 2022.