Travers Smith has advised Quanex Building Products Corporation on its recommended cash and share offer for Tyman plc, valued at approximately £788m.

Quanex, listed on the New York Stock Exchange, is a global manufacturer serving OEMs in the fenestration, cabinetry, solar, refrigeration and outdoor products markets.

Tyman, listed on the Main Market of the London Stock Exchange, is one of the largest global providers of highly-engineered door and window hardware, seals, extrusions and access solutions, with strategic positions across North America, the UK and Ireland, and Europe.

The Travers Smith team was led by Senior Partner Andrew Gillen and Corporate Partner Ben Lowen, supported by Senior Associate James Lansdown, Associates Laura Priestley, Jonathan Fritz and Isabella Crossfield, and TraineeMilo Knights.

The Corporate team was closely supported by specialists from across the firm, including Mahesh Varia (Head of Incentives & Remuneration) and Senior Associates Hugo Twigg and Tom Leatherby on remuneration matters, Senior Consultant Andrew Gregson and Senior Associate Timothy Short on finance mattersn and Nigel Seay (Head of Competition) and Senior AssociateRichard J Brown on competition matters.

We were also delighted to work with Foley & Lardner and Legance on this deal.

This transaction is just one of a number of recently announced or completed public takeovers led by the Travers Smith team, including the offers for Lok'nStore earlier this month, DWF, EMIS, Numis, Medica, Devro, Ideagen, Forward Partners, Brewin Dolphin, Xpediator, Cenkos, Blancco Technology, Crestchic and Adept Technologies.

The Travers Smith Corporate team notably advised on just under 20% of all UK public bids made in 2023.