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Browne Jacobson advises on Surepharm Services Limited sale

17 October 2012

National law firm Browne Jacobson has completed the sale of Surepharm Services Limited to management for an undisclosed sum.

Browne Jacobsons corporate team, led by partner Richard Medd, advised the Burton on Trent based pharmaceutical contract manufacturer on the sale to a management team led by Managing Director Julian Richardson backed by Co-operative Bank and GE Capital. Surepharms Executive Chairman, Ian Gardner, retains a significant investment in the business.

Established in 1990, Surepharm Services Limited specialises in developing, manufacturing and distributing a wide range of powders, granules and vitamin, herbal and generic tablets - principally for the independent health food market. The firm currently employs around 120 people.

The companys operations are concentrated on a single site at the Bretby Business Park, just outside Burton upon Trent. Its 2,000 square metre premises comprises of a production facility with offices, warehouse and laboratories.

Richard Medd, Corporate Partner at Browne Jacobson, said:

"The firm has grown steadily over the last two decades in what is a highly competitive market.

In the current economic climate we are delighted to have assisted the shareholders to successfully complete the sale of the business.

This deal will provide the new management team with the resources and investment to further grow the business and develop new revenue streams."

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