Allman Communication provided communication support for the completion of a sale and an acquisition last week.
On the selling side, Premier Foods completed the sale of its canning business to Princes for £387 million on Monday 25th July. As a result over 1000 employees TUPE transferred to Princes. Later in the week, Pattonair was sold to Exponent Private Equity for £145.8 million. The company is a leading supplier of supply chain services to the aerospace and defence market. The company's 780 employees are based at 17 global locations and work with major customers such as Rolls-Royce, BAE Systems and Parker Aerospace.
M&A communication has to be well choreographed and is always complex - with so many interested audiences including employees, suppliers, customers, media and politicians - but you get a real buzz on the big day when everything comes together, the messages are joined up, the materials look great and the audiences feel informed and engaged in what is happening. Let's hope this flurry of activity signals an upturn in M&A deals in coming months.