Freeths advises Westbrook Holdings on Employee Ownership Trust (EOT)

National law firm Freeths has advised £67m turnover metals and minerals supplier Westbrook Holdings Limited, trading as Westbrook Resources, has been sold by its shareholders to an Employee Ownership Trust.

Westbrook sources, stocks, and supplies materials across all continents, dealing with over 60 different metals and minerals in more than 40 countries.

The deal will see Shaun Walton remain as chief executive, and Nick Jones will continue as managing director. The rest of the senior management team will also stay in place, working with them to take the company forward and oversee its continued growth.

The Freeths legal team was led by Corporate Partner Lisa Wallis, and Senior Associates Rosanna Brown and Alex Angelides.

Commenting on the deal, Lisa Wallis said: “It was a pleasure to work with Westbrook and Castle Square on this transaction, securing an exit for the shareholders and allowing the Employee Ownership Trust to continue developing the business going forward, for the benefit of the employees.”