Deal opens doors for acquisitive industrial group
Rugby-based DK Group is pushing ahead with its acquisition drive after acquiring a major stake in a Welsh door manufacturer.
The company has acquired an initial 75% stake in GE Door Solutions and its subsidiaries GE Door Manufacturing and GE Carpentry Services.
The remaining 25% will be acquired over the next four years.
GE Door Solutions, based in Maesteg, South Wales, was founded in 1999 and has established itself as a leading player in the manufacture of commercial doorsets.
It now has annual sales in excess of £8m. With over 85,000 sq ft of manufacturing space, and 66 employees, GE Door Solutions operates across a range of sectors, including health, education, mental health, commercial and residential throughout Wales, the South West and the Midlands.
DK Group, a family-owned business, has been trading since the early 1980s, with activities across a range of industrial sectors. In recent years, it has continued to develop its portfolio of activities through further investment and acquisitions.
A team from Squire Patton Boggs advised DK Group, led by Birmingham corporate partner Andrew Glaze, assisted by Claire O’Connor and Leyla Parvizi.
The team has also recently advised DK Group on the acquisition of contract packing and logistics provider Lemonpath, and an investment in sustainable packaging supplier Pentagon Secure Products.