Shoosmiths advises SIG plc on £29.7 million sale of construction fixings distributor
National law firm Shoosmiths has advised SIG plc, a leading European supplier of specialist building products, on the sale of VJ Technology (VJT).
VJT, a distributor of technical fixings, fasteners and consumables to the infrastructure, commercial and wider construction industry, was sold for £29.7 million to Primary Capital, a UK private equity investment firm. The sale is in line with SIG's medium-term divestment strategy of disposing of smaller, non-core businesses in order to refocus the group's portfolio and strengthen its balance sheet.