A family-run business from Moreton has new owners.

Cotek Papers Limited has been sold to Laufenberg, a German manufacturer of silicone coated films and papers.

The company has, until now, been owned by brothers Adam and Scott Hazell.

The pair have now sold the business following advice from law firm, Lodders.

Corporate partner at Lodders, Graham Spalding, said: “It has been great to act for Adam and Scott on their sale of Cotek Papers Limited, which has been in the family for a number of years.

“The sale of the company to Laufenberg ensures the future of the business for the benefit of its customers and employees, and we wish Jorg Soding and all the team at Cotek every success for the future development of Cotek.”

Moreton-based Cotek said to use the latest machinery to produce accurate and stable silicone release coatings on all types of paper and film.

Some of Coteks customers include companies in the medical, graphic art, automotive, personal hygiene and bag closures industries.

The sale is one of many recent deals completed by Lodders, who claim to be the premier law firm in the West Midlands, the Three Counties and the Cotswolds.