Wetherby Laroc
Park Place advised the shareholders of Wetherby Laroc on the creation of a joint venture with global leader Henkel. The combination unites Wetherby Laroc’s strong local brands and market presence with Henkel’s global innovation and technology capabilities to accelerate the growth of high-performance building products and façade systems.
Wetherby Laroc is a Yorkshire-based, innovation and technology-led manufacturer of high-performance building products and façade systems. Established in 1977 and operating across multiple established brands, the business supports contractors, architects, specifiers, and distribution partners with technically robust systems formulated for ease of use and long-term proven performance.
Dusseldorf-headquartered Henkel is the 150-year old >€20bn revenue multinational chemical and consumer goods company with its Adhesive Technologies unit being the global leader for adhesives, sealants and coatings.
Alex Chalmers, Managing Director of Wetherby Laroc, commented “We made a great team. Park Place’s consistently well considered and thought-out advice proved highly valuable to the business and family. Just as importantly it provided a great deal of reassurance in a very dynamic situation and helped deliver a fantastic outcome.”
Richard Firth, who led the transaction, said: “This journey started 50 years ago with ‘a bucket and shovel’ and has now reached the global stage through this joint venture. It’s a fantastic Yorkshire success story and one I am privileged to have played a role in crystalising. Establishing the JV rather than simply selling the business presented challenges on the deal but unites a shared ambition for growth and technical innovation in façade solutions. I look forward seeing Wetherby Laroc flourish on the bigger stage.”
