Accolade for Tughans-led £80m acquisition

Corporate partner John McGuckian
Corporate partner John McGuckian

The £80 million acquisition of a Belfast manufacturing company has been named Deal of the Month by Insider magazine.

A firm-wide team at Tughans, led by corporate partner John McGuckian and assisted by associate Grant Edwards, advised on the acquisition of long-term client Delta Print and Packaging Ltd. by Huhtamaki.

It is one of the largest deals completed in Northern Ireland this year.

On completing the acquisition last month, Mr McGuckian had said: “Local company Delta has grown over the years, under the leadership of Terry Cross, into a highly successful manufacturing business with an enviable client list which includes many household brands.

“Tughans acted across various elements of the large-scale transaction including property, employment, banking and corporate in order to get the landmark deal over the line for our client.

“This transaction represents a positive investment in manufacturing for Northern Ireland and secures skilled manufacturing jobs within the Belfast area.”