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Aussie network bolsters growth with key acquisition
Two firms have advised on a transaction which saw a large Australian network acquire a Geelong-based wool manufacturer and retailer.
Emma Musgrave
Firms: DibbsBarker (Australian Wool Network); Sladen Legal (Hedrena Textiles)
Value: Undisclosed
Area: M&A, property, employment
Key players: The team advising Australian Wool Network was led by DibbsBarker corporate and commercial partner Paul Schmidt-Uili (pictured), with assistance from senior associate Simone Collignon and associate Jennifer Bruns.
The DibbsBarker property team advising on the matter was led by partner David Sharpe, associate Alexandra Henderson and lawyer Stephanie Schiller.
The DibbsBarker employment team advising on the matter was led by partner Maree Skinner, with assistance from associate Libby Radjenovic.
Deal significance: Hedrena Textiles is a Geelong-based wool manufacturer and retailer.
As part of the acquisition, Australian Wool Network (AWN) implemented a dividend reinvestment plan reflective of its intention to continue to grow through investments in complementary and strategically significant businesses.
It is the latest in a series of recent acquisitions for AWN which include the Launceston-based private wool buyer and contractor, Conn Wool, the South Australia-based Adelaide Wool North business and the Victoria-based business, South West Wools.
These acquisitions are part of a targeted growth strategy for AWN, which now has numerous Australia-based manufacturing facilities, and retail fashion brands and retail outlets across three states.
“We have thoroughly enjoyed working closely with managing director John Colley and the other members of the AWN executive team on numerous transactions in recent months, including this latest acquisition of Hedrena Textiles,” DibbsBarker corporate and commercial partner Paul Schmidt-Uili said.
“AWN is on an exciting growth trajectory and we are pleased to be supporting them through such an important time for the business.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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