Catering equipment manufacturer merges with French group
A NORTH West-based commercial catering equipment manufacturer has merged with a French rival.
CED Fabrications Limited has joined Tournus Equipement, part of the French group Tournus Expansion. Details of the transaction were not disclosed.
Founded in 1991, CED employs around 150 people from its Accrington headquarters and manufacturing facilities in Liverpool and Sandwich.
Tournus Equipement, a management controlled company, is the French market leader of stainless steel professional equipment for the catering industry.
Founded in 1910, the company designs and manufactures a large range of products, from its premises in the Burgundy region and employs 270 people. The group is backed by investors MML Capital Partners, UI Gestion and Bpifrance.
Howard Rishton, managing director at CED, said: “The merger between CED and Tournus provides an excellent opportunity to further the growth of the business both within the UK and internationally. The existing management teams are looking forward to working together to enhance the range of products available to our customers.”
BDO in Manchester, led by M&A partner Ruth Percival and M&A assistant director James Gregson, advised CED Fabrications. A DLA Piper team led by Yunus Maka provided legal advice to the vendors with Fidal, Mills & Reeve and Clairfield International acting for Tournus Expansion.
