Pannone Corporate has advised on the sale of A1 Shutters Limited to listed Swedish industrial group, Bergman & Beving (B&B).

The Manchester law firm acted as legal adviser to the shareholders of A1 Shutters, the UK’s leading manufacturer, installer and exporter of certified fire and smoke curtains. B&B, which is listed on the Stockholm Stock Exchange, acquired the Bolton-based business for an undisclosed sum. A1 Shutters will sit within  Deal

As part of the transaction, Carl Everest, who has successfully led A1 Shutters for nearly 40 years, will continue with the business as managing director following completion.

The Pannone team was led by Corporate Partner, Tom Hall, with support from Senior Associate, Sophie Adshead and Rhianna Hough.

Sophie Adshead commented: “A1 Shutters is a fantastic North West business that has excelled in a niche market for almost 40 years. The business has worked on many landmark projects, including Dubai’s Burj Khalifa, the Qatar 2022 World Cup Stadium and the 2018 RIBA award winning Bloomberg Building, as well as developments across the healthcare, education and hospitality sectors.

“The acquisition of A1 will allow B&B to strengthen its position in this market and complement its existing fire curtains businesses currently operating in Sweden and Norway. We look forward to seeing A1’s growth during this next exciting step as part of Bergman & Beving.”

Carl Everest said: “After 40 years of ownership, it feels both positive and reassuring to hand over to Bergman & Beving, a company that has consistently demonstrated its ability to build and develop businesses over time. This transaction is good for A1S, and consequently also for A1S’s customers.”

Other sell-side advisers on the deal were and Ballard Evans and Cowgills.