Springboard Corporate Finance is delighted to announce that it has advised on the cross-border sale of one of the oldest names in the Birmingham Jewellery Quarter, WB The Creative Jewellery Group, to Germany based Heimerle + Meule Group (owned by Possehl Group).
About the deal
WB The Creative Jewellery Group, better known as Weston Beamor, has been at the forefront of the jewellery market for more than 70 years. Operating under the Domino, Gecko and Weston Beamor brands, the award-winning group designs and manufactures precious and fine jewellery for independent jewellers throughout the UK. Under the stewardship of Vivian and Patrick Fuller, the group has built an enviable reputation and is recognised as one of the pre-eminent designers and manufacturers of fine jewellery in the UK.
Weston Beamor will join Heimerle + Meule’s precious metals division which comprises more than 160 companies operating in 30 different countries which includes Cookson Precious Metals, also based in the Birmingham. The business post-sale will continue to be led by Managing Director, Andrew Morton.
Commenting on the sale, Patrick Fuller said: “My wife, Vivian, whose father founded the group in 1947, and I have enjoyed building the group over the last 40 years to become a major player in the UK jewellery industry but it is now time for us to retire and hand over its further development to the very capable team who are already in place.”
How we made a difference
- Identified global strategic acquirers;
- Managed cross border, confidential sales process; and
- Creatively negotiated normalised working capital to maximise value for shareholders.
Vivian Fuller - Director, WB The Creative Jewellery Company
Having selected Springboard based on their level of expertise, international capability and partner led approach, we were delighted with the service we received. The sale of our business, on the best terms, and to the right acquirer was critical to my family and I. Springboard continually strove to deliver an outstanding result and we now view them as one of our trusted advisors.