Mills & Reeve advises German chemical giant on acquisition of LevertonHELM

Hamburg-based HELM AG has acquired the remaining 50 per cent shareholder holding in Basingstoke-based LevertonHELM.

The deal follows last year’s formation of a joint venture between Leverton’s shareholders and HELM in a move to increase manufacturing capacity of battery grade lithium chemicals in Europe.

LevertonHELM produces high-quality lithium chemicals with a worldwide customer base across demanding industrial applications.

HELM AG is a family-owned company and one of the world's major independent chemicals distributors with more than 100 distribution centres, joint ventures and offices in over 40 countries. The company was founded in 1900 and has a turnover of more than 8 billion euros.

Stephan Schnabel, chairman of the executive board of HELM AG said: "At HELM we are fully committed to the investment plans to develop LevertonHELM as one of Europe’s leading Lithium companies, becoming an integral part of the electromobility value chain. We thank Mills & Reeve for the support all along the way."

Thilo Schneider, head of corporate in the London office at Mills & Reeve, who advised longstanding client HELM on its latest transaction said: "We are pleased to have advised HELM AG on the acquisition of the remaining stake in LevertonHELM as the company scales up its production of battery grade chemicals to meet global demand. The transaction underlines the commitment of our corporate team in London to servicing international clients and to growing our core sectors."