May 14, 2024

RWK Goodman advised UK based Dawson Shanahan Group in sale of shares to Finnish company Luvata Oy.

Posted in Corporate

RWK Goodman’s corporate team is very pleased to have acted for the shareholders of Dawson Shanahan Holdings Limited on the disposal of their shares to Luvata Oy.

Dawson Shanahan was established in 1943 and is located in Welshpool, north Wales. It started as a manufacturer of critical parts for anti-lock braking systems on Lancaster bombers during the Second World War. Since then, it has grown to become a leading European producer of highly engineered and fabricated copper and metal components used in a broad range of industries including the aerospace, automotive (both traditional and electric), medical and power distribution sectors.

Luvata Oy is a group company of Mitsubishi Materials Corporation. It is a global company specialising in the manufacture of challenging metal products with approximately 1400 employees worldwide in 7 different countries.

Dawson Shanahan will become part of Luvata’s Formed Products Business Unit (FPBU) which includes factories in the USA, UK, Brazil and China.  FPBU is one of the world’s leading suppliers of copper based resistance welding electrodes and alloyed copper brazing wire, serving automotive customers around the world.

David Dawson, founder and principal shareholder of Dawson Shanahan says “I couldn’t be happier to sell the company I built during my working life to Luvata.  It’s a perfect fit and we have a similar approach to providing value-added solutions to our customers.  Luvata is a well-known and global brand that will allow Dawson Shanahan to prosper and grow in the future as it continues to become an integral part of the green revolution. We are excited to start working with our new colleagues at Luvata. The current management team of Dawson Shanahan will continue in their duties, with Les Reeves as the Managing Director.”

RWK Goodman’s team was led by Corporate Partners John North and Bharti Moore, alongside colleagues Omoleye Agboola and Ken Wong (Corporate), Susanna Caulfield (Real Estate) and Holly Freuchen (Employment).

John North, Partner in RWK Goodman’s Corporate team, comments: “Having known David Dawson, Les Reeves and Mark Jennings for much of my career it has been great to see how Dawson Shanahan has developed over the years and to work with them on the disposal of their shares in the company.. We wish Dawson Shanahan and Luvata Oy a very successful future as they start this new chapter in their history together”.

Clairfield UK team provided corporate finance advisory service to the sellers.

Luvata Oy was advised by Clarion Solicitors Limited and KPMG.

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