Brothers swap roles in multi-million-pound MBO

John Watts with the Flamerite team
Two brothers have swapped roles in a what their advisors have described as a 'multi-million MBO', in a deal which sees John Watts acquire control of Flamerite Fires Ltd  from his brother David. Flamerite, which is based in Lichfield, is a leading designer, assembler and manufacturer of high-end electrical stoves, fires and suites, and it has been run for the last 19 years under the control of David Watts as managing director. On stepping down from that role and selling control of the business to his brother John, David Watts said:... For the full story register now for free or login below...