Beautiful work in deal for Hallam

BRADFORD-based personal care products producer Hallam Beauty has been bought by Mibelle, a subsidiary of Swiss conglomerate Migros, for an undisclosed sum.

Hallam, which is a division of Sheffield-based GRI Group, supplies hair, skin, sun and babycare products to a number of UK supermarket chains and employs around 270 people.

Sheffield based advisers, law firm Halliwells and accountants Hart Shaw, acted on behalf of GRI Group.

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Nabarro, Barber Harrison & Platt, Kurmann Partners and Clearwater Corporate Finance acted for Mibelle.

Graham Royle, chairman and chief executive of the GRI Group, said Hallam Beauty would benefit from a partnership with a European-based business from the same sector.

Neil Thompson, of Halliwells, said: "This is the first project we have worked on for GRI Group, who bought the business of Hallam Beauty from the administrator of the former owners in 2005.

"The sale of a 70 per cent stake to Mibelle generating over 18m, plus the potential for an equivalent amount again on the exercise of options over the remaining shares, is truly phenomenal and testament to the strategic management skills of Graham Royle.

"He tells me he's back on the acquisition trail and I can't wait for that ride to start."

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