FM Mattsson Group has agreed to acquire Bristan Group Limited (“Bristan”). Based in Tamworth, Bristan is the UK’s leading supplier of taps and showers and the largest brassware supplier in the UK. During the last year, Bristan delivered revenue of 63 million GBP, employing c. 280 people.
The acquisition further strengthens Swedish-headquartered FM Mattsson Group’s international presence and brand portfolio. Bristan has built a leading position in the UK market over many years, serving professional customers including installers, specifiers, wholesale channel partners, DIY retailers and online retailers.
The acquisition also complements FM Mattsson Group’s existing UK and Ireland business Aqualla which has a strong position in retail and consumer-led bathroom products. Together, the businesses create a broader and more balanced platform in one of Europe’s largest markets.
“The acquisition of Bristan is a major step in line with our strategy to strengthen FM Mattsson Group’s international presence through strong brands. Bristan is established as the no. 1 brassware supplier in the UK and is known for its high level of customer service and broad product offering, particularly for the professional market. As the largest brassware supplier in the UK, Bristan gives us a significantly stronger platform in one of Europe’s largest markets for bathroom and kitchen mixers,” says Fredrik Skarp, CEO of FM Mattsson Group.
“We very much look forward to continuing to develop the business together with Bristan’s experienced management team and committed employees, whose expertise and drive have been crucial to the company’s success. Together with Aqualla, Bristan creates an even stronger platform for long-term profitable growth in the UK, combining complementary strengths across retail, professional and commercial project channels.”
Bristan’s CEO Jen Cassidy said “We are delighted to be joining the FM Mattsson Group, an organisation whose values and ethos align so closely with our own. We look forward to continue to drive through our strategy focusing on our new product roadmap, demand generation and strategic supplier partnerships development with the support of our new parent company.”
Following completion, Bristan will become part of FM Mattsson Group and continue to operate as a brand-led business with its own management team. The transaction is expected to further diversify FM Mattsson Group’s geographical presence and provide opportunities for continued development of the Group’s offering, customer relationships and operational capabilities in the UK market.
FM Mattsson Group was advised by a corporate finance team from DSW’s Midlands office, led by partner Harry Walker, supported by Associate Director, Daniel Choucino. Legal advice to the buyer was provided by a team from TLT LLP’s Birmingham office, led by Leanne Fryer, with tax advice provided by Claritas, commercial due diligence support from CIL and W&I insurance broking by Virtus Insurance Solutions. Debt financing was provided by Nordea.
Masco Corporation was provided with sell-side M&A advice by Lincoln International; vendor financial due diligence was provided by Deloitte.
Harry Walker, Partner at DSW, added: “It is rare that we get to work with true market leaders, so it has been a privilege to help bring together the leading brassware supplier across the Nordics and the market leader in the UK. The cultural and commercial fit between FM Mattsson Group and Bristan was clear from early in the process, and we are delighted to have supported delivery of this nationally significant transaction within the KBB industry. We wish the combined group every success for the future.”
FM Mattsson Group has entered into an agreement to acquire Bristan Group Limited (“Bristan”). Based in Tamworth, Bristan is the UK’s leading supplier of taps and showers and the largest brassware supplier in the UK. During the last year Bristan delivered revenue of 63 million GBP, employing c. 280 people.
Viewpoint Videos, a leading provider of wearable video capture technology for visitor attractions, driving experiences, and adventure sports, has secured growth capital investment from Imbiba in a transaction advised by Dow Schofield Watts Corporate Finance Leeds.
Survey Solutions, a leading independent provider of engineering surveying and monitoring services backed by private equity firm WestBridge, has acquired Site-Eye, a specialist provider of construction site time-lapse, filming and media production services.