The Yorkshire & North East Corporate Finance team of Dow Schofield Watts has advised Arklow Engineering Limited on a full refinancing of Ashfield Extrusion Limited, its wholly owned subsidiary.
Ashfield Extrusion is a leading aluminium forward and reverse impact extrusion specialist supplying specialist components to the countermeasures, medical and pyrotechnics markets. It also manufactures aluminium packaging and marker pen barrels to the premium retail and niche industrial sectors. Ashfield Extrusion has a global, blue chip and long-standing customer base.
The Sheffield office of HSBC provided a comprehensive suite of new banking facilities to Arklow Engineering and Ashfield Extrusion as part of plans to introduce a supportive, long-term funding partner.
The DSW team comprised Roger Esler, Richard Townsend, Luke Pedley and Matt Thompson.
Other advisers included Andrew Jackson Solicitors and the Tax Advisory Partnership.