Tracing its history back to 1954, the Ramsden Group is a West Midlands-based industrial manufacturing business specialising in the production of new and reconditioned steel drums, the supply of wooden pallets and the reconditioning of Intermediate Bulk Containers (IBCs).

The group comprises Ramsden & Whale, Ramsden Steel Drums, Ramsden Pallets and Drumcare, operating from its base in Tipton.

K3 Deal Advisory (K3DA) advised the shareholders of the Ramsden Group on its sale to Argent Industrial, a JSE-listed South African industrial group.

K3DA worked closely with the shareholders throughout the process, from positioning the business in the market, negotiating the commercial terms, through to the due diligence and completion stages.

The acquisition was completed through Argent Industrial UK Limited, Argent Industrial’s wholly owned UK subsidiary, supporting the group’s continued international expansion.

The transaction was led by George Dalton, Associate Director, supported by Phil Grant, Corporate Finance Manager and Jacob Rigby, Corporate Finance Executive.

The acquisition supports Argent Industrial’s strategy to further diversify its portfolio and expand its presence in the UK.

For the Ramsden Group, the deal marks a new chapter after more than 70 years of trading and provides an exit for its shareholders.

Selling a Company you’ve built from the ground up is both emotional and complex, but working with K3 Deal Advisory was the best decision we made.

Their strategic guidance, market positioning and sheer determination ensured we achieved a deal structure and valuation that exceeded our expectations. They anticipated potential pitfalls throughout the process, while their attention to detail during due diligence, expert negotiation and clear communication made a daunting process surprisingly manageable.

We are extremely grateful for their dedication and outstanding execution.

Dawn Richardson, Director, Ramsden & Whale

The Ramsden Group is a highly established group of businesses with exceptional capabilities in the steel and waste disposal market. The Group can manufacture new and reconditioned steel drums, produce new and reconditioned pallets and provide IBC reconditioning services, a one-stop shop for its customers. For Argent Industrial, the transaction presented an opportunity to broaden its capabilities through its continued expansion into the UK market. 

We advised Dawn and the shareholders throughout the process and we are delighted they have achieved a result they are very pleased with.

George Dalton, Associate Director, K3 Deal Advisory