US firm turns tap on for expansion with swoop for Notts sink manufacturer
Nottinghamshire concrete basin and sink manufacturer Kast has been sold to US-based Kohler Co. for an undisclosed sum.
Based in Boughton, on the edge of Sherwood Forest, Kast designs, manufactures and delivers contemporary concrete basins for homeowners, designers and architects around the world.
Founded 150 years ago, Kohler owns a range of kitchen and bathroom furniture brands, including Ann Sacks, Mira and Rada, manufacturing and distributing products globally.
The acquisition will broaden Kohler’s product offering in the UK and Europe. Founder of the Nottinghamshire-based company, Tim Bayes, will remain part of the business as managing director and head of creative.
Bayes said: “When I started the company more than 20 years ago, there was no-one to follow, because no-one was making and designing concrete products like we were.
“I knew the potential that a refined, beautiful product, like ours, could have. I’m so proud of my team and how far we’ve come and look forward to seeing how Kohler can take Kast designs to a new and exciting level.”
Law firm Shakespeare Martineau advised on the corporate, real estate, employment, tax and intellectual property aspects.
Corporate associate Ashley Taylor said: “We were thrilled to support Tim with the sale of his business to an internationally-recognised organisation. This is a fantastic opportunity for the brand and it’s great to see that UK businesses continue to attract interest from across the pond.”
The advisory team at Shakespeare Martineau included Ashley Taylor, partners Duncan James and Michael Squirrell, corporate solicitors Nana Maisuradze and John Maple, and paralegal Lisa Bauroth. Partner Helen Molloy advised on employment matters, associate Hannah Awcock supported on real estate, while Kerry Russell advised on intellectual property.
Tom Mawhood, of TurningPoint UK, also advised on the sale as exclusive sell-side advisor.