Lyreco Enhances UK Market Presence with Double Acquisition
Deal News | Apr 02, 2025 | Ashfords
In a strategic move to consolidate its position in the UK market, Lyreco Group, a foremost European distributor of workplace products and services, has successfully completed the acquisition of two prominent UK-based firms, Zenith Hygiene and Shorrock Trichem. This acquisition is seen as a strategic maneuver to augment Lyreco’s share in the UK market by combining its existing expertise with the capabilities and resources of the acquired companies, facilitating the delivery of enhanced value, innovation, and sustainable solutions to clients. The transaction was advised by Ashfords, a legal firm with substantial expertise in M&A, demonstrating their commitment to guiding entities through the intricacies of corporate expansion and strategic growth. The legal team at Ashfords, led by corporate partner Jocelyn Ormond, provided comprehensive support encompassing commercial, employment, tax, business risk, regulation, and real estate advice, showcasing the firm's multidisciplinary approach to M&A transactions.
Sectors
- Corporate Finance
- Workplace Products Distribution
- Hygiene Products Distribution
Geography
- United Kingdom – The acquisitions took place within the UK market, enhancing Lyreco’s presence in this geographic region.
- Europe – Lyreco Group is a European leader in its sector, and the acquisitions further expand its influence within the region.
Industry
- Corporate Finance – Involves advising and facilitating M&A transactions, particularly relevant as Ashfords advised on the acquisition.
- Workplace Products Distribution – Refers to the sector involving the distribution of products and services used in workplaces, relevant as Lyreco operates in this industry.
- Hygiene Products Distribution – Pertains to the distribution of hygiene-related products, applicable here due to the acquisition targets, Zenith Hygiene and Shorrock Trichem, operating in this field.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lyreco Group | Acquirer | Company | A European leader in the distribution of workplace products and services. |
| Zenith Hygiene | Target company | Company | A UK-based company specializing in hygiene product distribution. |
| Shorrock Trichem | Target company | Company | A UK-based distributor of hygiene products and services. |
| Ashfords | Legal advisor | Company | A legal firm advising on the acquisition, providing comprehensive support across multiple legal domains. |