Garbutt + Elliott advise paper roll manufacturer Tayrol on acquisition
Garbutt + Elliott, accountants in York and Leeds, has advised a York-based paper rolls manufacturer on the acquisition of a complementary business for an undisclosed sum.
Following the acquisition of Cambridgeshire based paper roll supplier Allrol Solutions, Tayrol can significantly increase its customer base and to supply more of its manufactured products to Allrol’s existing customers. Allrol has been trading for 12 years and serves a large client base across the UK and Ireland, and previously sourced most of its requirements from outside the UK
Formed in 1988, Tayrol manufactures small paper rolls, mainly for use in credit card terminals and cash register / EPOS machines but also for other functions including ATMs, betting tickets, parking tickets and bus tickets. Tayrol is also the UK’s only manufacturer of digital tachograph rolls for the transport industry which it sells under its own brand name, Tacho2.
Tayrol was advised on the acquisition by a team from Garbutt + Elliott, headed by corporate finance specialist Tariq Javaid, which provided corporate finance advice on matters including deal structures, due diligence and tax due diligence.
Speaking on the acquisition Keith Taylor, director of Tayrol, commented: “We are delighted to bring Allrol into the fold as it means both companies can pool their resources and deliver to a wider customer base. Part of this is that Allrol will be able to supply rolls manufactured by Tayrol and bring some production back into the UK.
“Garbutt + Elliott’s advice was vital in ensuring the acquisition process was completed smoothly and efficiently. We are grateful for Tariq and the team’s assistance during the process and look forward to continuing our close relationship in the future.”
Garbutt + Elliott was also able to advise Tayrol on steps to take to enable the seamless integration of Allrol following the acquisition.
Tariq Javaid, corporate finance director at Garbutt + Elliott said, “We were very happy to assist Tayrol in growing its business, whilst also giving it the necessary tools to merge both companies in the future. Accurate corporate finance advice is very important when organisations look to make business moves of this type and I’m glad Tayrol has been able to meet its growth objectives with this acquisition.”
Garbutt + Elliott is an independent firm of chartered accountants, auditors and advisors and offers tailored services for individuals and businesses. With a reputation built on providing excellent client service and an in-depth understanding of the needs of entrepreneurial business owners, Garbutt + Elliott is fast becoming the go-to accountancy firm for organisations across Yorkshire and beyond.
For more information, please contact Tariq Javaid – firstname.lastname@example.org – or get in touch using our contact form below: