Coffin Mew advises shareholders of Philson Haulage on disposal of shares

The Corporate team at South Coast law firm Coffin Mew Solicitors, has advised the shareholders of Philson Haulage (Southern) Limited in their disposal of the entire share capital of the company to Gregory Distribution (Holdings) Limited.

Philson, based in Chichester, West Sussex, was founded in 1995 by husband and wife, Phil and Sonia Dickinson. The company specialises in temperature controlled storage and distribution of refrigerated fresh produce. It works with importers in the general food, fruit and vegetable sectors, and also provides a distribution network for one of the UK’s leading supermarket chains.

Gregory Distribution operates from 17 sites in the UK and has 450 trucks doing 40 million miles a year, 1,250 employees and an annualised turnover in excess of £100 million.

Phil Dickinson, who will continue with the business, commented on the transaction:

The opportunity to become part of a larger family-owned business will provide the resources and support that are necessary for us to continue to develop the business in a dynamic and service-driven marketplace. This is good news for our staff and customers.

Nick Gross, Partner in Coffin Mew’s Corporate team, advised Philson Haulage. Nick said:

We were delighted to have assisted Phil and Sonia realising 17 years of hard work and bringing the transaction to completion. There were some complex issues on this deal but our commitment to our client meant that we were able to complete the transaction in an efficient way.

Phil Dickinson further commented:

I would like to thank Nick for all his hard work in getting the deal across the line for us.

Corporate Finance advice was provided to the Sellers by Meridian Corporate Finance and accountancy and tax advice was provided by Taylor Cocks.

Gregory Distribution were provided legal advice by George Pawley and James Evans of Foot Anstey in Exeter.

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