$34m acquisition of Dunlop Flooring underway

By Emma Ryan|10 January 2017

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

Firms: Clayton Utz (Victoria PLC); Herbert Smith Freehills (Pacific Brands Limited)

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

Value: $34 million

Advertisement
Advertisement

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.

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.

SPONSORED CONTENT

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.  

$34m acquisition of Dunlop Flooring underway
Intro image
lawyersweekly logo
Corporate Counsel

latest

Parents, the pandemic and a lack of gender parity

Aerospace, COVID-19 and mounting challenges for lawyers

Pacific Infrastructure acquires Sargon in strategic move

Media freedom an ongoing vulnerability, legal bodies say

FROM THE WEB
Recommended by Spike Native Network