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Corporate Counsel

$34m acquisition of Dunlop Flooring underway

A UK company has been advised on its impending acquisition of Australian underlay and hardwood flooring manufacturer Dunlop Flooring.

January 11, 2017 • By Emma Musgrave
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Michael Linehan
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Firms: Clayton Utz (Victoria PLC); Herbert Smith Freehills (Pacific Brands Limited)

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Deal: Victoria PLC has been advised on its proposed $34 million acquisition of Dunlop Flooring from Pacific Brands Limited.

 
 

Value: $34 million

Area: M&A

Key players: The legal team advising Victoria PLC is being advised by Clayton Utz partner Michael Linehan (pictured) and senior associate Quentin Reidy.

Deal significance: This transaction was announced to the market last month and is expected to be completed by March 2017, subject to customary conditions precedent.

It is the latest strategic acquisition by Victoria PLC of an Australian-based business, with the company acquiring Quest Carpet in 2015.

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Clayton Utz partner Michael Linehan and senior associate Quentin Reidy also advised Victoria PLC on that transaction, which Victoria PLC chairman Geoff Wilding said had contributed materially to the company's "outstanding" performance in the Australian market.

Mr Linehan said Clayton Utz was pleased to have the opportunity to work with Victoria PLC on another important and strategic acquisition as it expands its Australian footprint.  

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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