Member Article

Keighley bathroom manufacturer acquired by Malta group

West Yorkshire bathroom manufacturer Cavalier Marketing has been acquired by Malta-based HLD Group, specialists in industrial distribution.

Cavalier Marketing is one of the largest manufacturers and suppliers of bathroom furniture in the UK and this acquisition is a complimentary business to other HLD Group companies, the firm said.

RBS Invoice Finance and RBS banking teams in the Midlands worked rapidly and tirelessly in collaboration to fund and support the deal, with Leeds-based Mazars introducing Cavalier Marketing to HLD to secure the sale.

John and Rob Harrison, the vendors, will remain with the business for the long-term and continue to develop the bathroom business with the HLD Group.

Addleshaw Goddard’s Ged Barnes, client partner for the HLD Group, said: “It’s great to see both internal investment and external funding supporting British manufacturing to enable businesses, such as Cavalier Marketing, to not only develop, but thrive.

“HLD Group are an ambitious organisation who are looking to expand their portfolio with further acquisitions – and we were delighted to support the management team on this key milestone in its long-term strategy.”

Corporate Partner Paul Johnson and associate Sandip Khroud from the Leeds office of law firm Irwin Mitchell advised John and Robert Harrison at Cavalier.

Paul Johnson of Irwin Mitchell said: “Cavalier is very well established in the bathroom sector and is a superb acquisition for HLD. Both John and Robert have many years of experience in the bathroom sector and will be actively involved in Cavalier and HLD in the future.

“Together the businesses have an exciting future and I’m confident that the management team will take advantage of the growth opportunities that exist here in the UK.”

This was posted in Bdaily's Members' News section by Clare Burnett .