Blacks helps with completion of Vacform Group management buy-in

Blacks Solicitors has overseen and helped complete a management buy-in for internationally-recognised plastic mouldings company Vacform Group.

The buy-in will see current managing director, Kevin Quinn, increase his shareholding in the company and sees Mustafa El-Etriby joins as a shareholding director alongside Quinn and David Aarons. Aarons will take a more non-operational role following the deal.

The directors chose Blacks to handle the buy-in after being long-standing clients of the firm.

David Paterson, corporate and commercial partner at Blacks, led the team on the management restructure.

“We are delighted to have assisted David, Kevin and Mustafa achieve their desired restructure of the Vacform Group during which the entire process saw a seamless reorganisation accommodating the respective parties’ interests,” he said.

“Yorkshire should be proud to be home to such an innovative and cutting edge company.”

Quinn, who has been part of Vacfom Group for more than 27 years, said that he was extremely proud to now have a significant share in such a “fantastic company”.

“With David taking a more non-operational role moving forward, Mustafa and I feel we have the experience and knowledge now between us to secure the future of the company and pave the future for growth and success,” added Quinn.

El-Etriby, who has spent the last 11 years in a technical and operational role for Vacform, said that he was looking forward to joining Kevin and David to drive the company forward.

“We want to thank Dave, Asad and the rest of the team at Blacks who made the process as smooth and simple as it could be,” he said.

Pictured: Mustafa El-Etriby (left) joins David Aarons (centre) and Kevin Quinn (right) at Vacform