CMA intervenes in £300m Hillarys sale

The deal which saw Nottingham-based blinds maker Hillarys sold for £300m to a Dutch firm is subject to an investigation by the Competition and Markets Authority (CMA), it has emerged.

The CMA has has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Hunter Douglas N.V. and Hunter Douglas (UK) Limited, in relation to the completed acquisition by Hunter Douglas (UK) Limited of Bellotto Holdings Limited – Hillarys’ parent company.

In May, Hunter Douglas bought Hillarys from Ares Capital in a deal worth £300m. The enforcement order means that Hunter Douglas must “hold separate” its business from that of Hillarys

Hillarys, established in Nottingham in 1971, employs over 1,300 people over three sites, two in Nottingham and one in Washington Tyne & Wear and has a network of over 1,000 self-employed advisors who provide an in-home service, selling and installing core and specialist products.

Click here to sign up to receive our new South West business news...
Close