The commercial property team at East Midlands law firm Bray & Bray has advised valves and actuators supplier, AC Valve Alliance on the acquisition of additional space at its Leicestershire manufacturing base.
Bray & Bray negotiated the £1.9 million purchase of the 22,181 sq ft building at AC Valve Alliance’s site at Bardon Hill, Coalville, that will deliver additional space for the company to expand its manufacturing and engineering departments to meet growing demand for its products.
Established in 1997, privately-owned AC Valve Alliance supplies valves and actuators to Europe’s petrochemical, energy and general process industries and employs 60 people.
Partner and Head of Commercial Property Law at Bray & Bray, Phillip Heseltine and Commercial Property Law Solicitor, Beth Lyon advised on the deal.
Phillip Heseltine explains: “AC Valve Alliance is a well-established business which has built one of the largest stock programmes of valves and actuators in Europe. The building purchase is an important investment for the company, which will enable it to deliver its product development ambitions and realise its ongoing growth.
“As a longstanding client of Bray & Bray, it has been a particular pleasure to advise the AC Valve team on this deal and play a part in the further expansion of its Leicestershire headquarters.”
Group Finance Director at AC Valve Alliance Jessica Findell, said: “Our expanded facilities will allow us to meet a growing demand for our specialist manufacturing and engineering capabilities. In the new building, we plan to install an overhead gantry crane system which will enable us to manufacture larger pipe skid systems to serve a number of niche markets in the valve industry.
“Phil and Beth at Bray & Bray have been our trusted advisors throughout the entire deal process. Their professionalism, expertise and brilliant communication have been invaluable in helping us to drive forward our expansion plans.”
The purchase was made with funding arranged by Muki Rahman, Relationship Director at Barclays.
