Maddocks has advised the founders of global rubber manufacturer Baron Group on the sale of the Baron Rubber business across Australia and China to listed Swedish manufacturing company Trelleborg Group.

Baron Rubber is a global leader in the design, manufacture and supply of medical grade silicone and rubber products with its head office and manufacturing facilities in Australia and China. Trelleborg, which is listed on the Nasdaq Stockholm is a global engineering group focused on polymer technology, with headquarters in Trelleborg, Sweden.

The sale of Baron Rubber’s Australian operations as well as its manufacturing facilities based in Shanghai and Zhejiang in China were effected by way of share sales to the Trelleborg Group. The transaction was completed on 17 July 2024 and speaks to Maddocks’ reputation as an exceptional corporate M&A offering for founder exits.

The Maddocks team advised on all aspects of the sale and was led by Commercial Partner Julian Smith with assistance from Senior Associates Naz Reda, Stephen Dyason and Jack Coventry. Maddocks also worked alongside Moore Accountants in Australia, and Dentons and Deloitte in China.

Trelleborg’s advisors were predominantly Junhe and PwC in respect of the Chinese aspects of the transaction.

“We are delighted to have assisted the founders of Baron Rubber with undertaking such a significant transaction and achieving an exit from the business which they have successfully built over almost five decades,” said Commercial Partner Julian Smith.

“We are also excited to watch the further growth and development of Baron Rubber and its people under the Trelleborg banner. We wish them all the best.”