Scandinavian Bathroom Giant Svedbergs Group Acquires 100% Of Roper Rhodes Ltd, A Leading British Bathroom Furniture Manufacturer
According to British media reports, Scandinavian bathroom giant Svedbergs Group has completed the acquisition of 100% of the shares of Roper Rhodes Ltd, a well-known British bathroom furniture manufacturer, on December 1.
According to the report, Svedberg Group acquired Roper Rhodes because the subject is in line with one of their key strategic objectives to acquire leading brands in Europe’s major bathroom markets. Roper Rhodes is well managed, financially strong, has a strong market position and has more than 40 years of experience in the industry in the UK. At the same time, they saw Roper Rhodes as a good strategic fit with its three strong brands (Roper Rhodes, Tavistock and R2), impressive customer retention rates, employee loyalty, focus on innovation and product development and a long track record of profitable sales growth in the UK.
Svedbergs Group is one of the leading bathroom suppliers in the Nordic region, with a product range covering the entire bathroom product category, bathroom cabinets, showers, baths, heated towel rails, taps, sanitary ceramics and bathroom accessories. The products are sold under three brands: Svedbergs, Macro Design and Cassøe.
The parent company, Svedbergs I Dalstorp AB, started producing sheet metal products in 1920 and switched to the production of bathroom furniture in 1962. Bathroom furniture was developed in the seventies and the current focus is on developing, manufacturing and marketing Svedberg’s own brand of complete bathrooms.
British HVAC Company Kartell UK Acquires Electric Towel Rack Manufacturer Vogue UK
British HVAC company Kartell UK has completed a multi-million-pound acquisition of Vogue UK, a manufacturer of electric towel rails, which will continue to operate as an independent company after the acquisition of Vogue UK, which specializes in products such as radiators and electric towel rails.
Vogue UK has been in business for 30 years, employs over 80 people and has annual sales of over £14 million.
Kartell UK was founded in 2008 and its brands include K-RAD, K-VIT and JT, with a turnover of over £110 million.