Sale of Reliance Fibres Limited to Ekman & Co AB

Wilson Partners Corporate Finance is pleased to announce that we recently advised the Shareholders of Reliance Fibres Limited on their sale to Ekman & Co AB.

“Wilson Partners Corporate Finance has delivered exceptional, direct, value enhancing advice to us, looking after the whole transaction from start to finish.”

Pankaj Chowdhary, MD Reliance Fibres Limited.

Reliance specialises as recovered paper suppliers for the global paper industry. Based in London, with sourcing operations in the USA & Europe and supply markets in Asia, the business is a key and reputed sourcing agent, providing exclusive value added quality services, while supplying a diverse and comprehensive range of recovered paper grades.

The transaction provided a successful exit for the shareholders and sees the business ideally integrated to the Ekman Group.

Pankaj Chowdhary, Managing Director of Reliance said:
“We are delighted with our exit which also sees our business fit neatly within the Ekman Group. We have worked closely and for a long time with Ekman so this deal felt right from the start. Despite the sale, we continue to work in the business and are excited about the group’s development.”

Having now seen first-hand how important it is to have a professional, joined up team of advisors, we definitely had a great team behind us to run and complete the deal with Adam Wardle and his team from Wilson Partners Corporate Finance, and Jeff Rubenstein and his team from Lawrence Stephens Solicitors.

Adam Wardle, Director of Wilson Partners Ltd commented:
“We are really pleased for Pankaj and Vibha. An international transaction can be a daunting time for any vendor so it was really pleasing to see and work with all parties focussed on the commercial benefits allowing the transaction a good flow through to completion.”

About Reliance – Reliance Fibres Ltd UK is an international company that sources all grades of recovered paper for the paper manufacturing industry.

About Ekman – Ekman is one of the world’s leading sales and marketing organisations, focussing on the global forest industry covering the entire forest products supply chain.