Blake Morgan's Corporate team has advised Butters Group, one of the UK’s biggest growers and suppliers of plants and flowers, on its sale to Flamingo Horticulture.
The Butters Group, headquartered in Spalding, Lincolnshire, turns over £52 million a year and has more than 300 staff working across its flower, plant and nursery divisions.
Butters has operated highly successfully in both the UK retail and home delivery markets, developing strong partnerships with major high street supermarkets and DIY outlets such as Marks & Spencer, J Sainsbury, Waitrose, ASDA, Wilko and B&Q.
Commenting on Blake Morgan's involvement, Andy Coaten, who will remain as managing director at Butters, said: “Blake Morgan supported the management team with both excellent legal and commercial advice through the sales process and were integral in helping deliver a successful outcome.”
James Hawkeswood, head of Blake Morgan’s South Coast Corporate team, who led the legal team working on the transaction, said: “This was a great deal for a very successful company whose management team is clearly top-drawer.
“They were a pleasure to work with, and I for one will think of them every time I walk into the supermarket. We wish the enlarged group every success for the future.”
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