Private equity buyer found for specialist manufacturer

Leeds-based door manufacturer, Noberne Doors, has been sold to a private equity buyer.

The company, which was first established in 1975, has worked with many blue-chip clients over 44 years.

Noberne specialises in security, fire, acoustic, x-ray, and external doors. The company is a founding member of the BM TRADA Q-MARK fire door scheme, the ASDMA and is also a member of the British Woodworking Federation.

The shareholders of Noberne Doors instructed business management consultancy  KBS Corporate with the sale of their company in order to pursue other business plans. As the shareholders wanted the company to achieve further growth, the sale strategy focused on attracting interest from trade buyers and private equity firms.

The successful offer came from private equity firm Kerry Hill, which is a subsidiary of Merino Private Equity. It invests in a range of businesses from different sectors including building, manufacturing and education. The purchase acts as a bolt on acquisition for the Kerry Hill portfolio company.

The deal was overseen by Matthew Sibley, KBS Corporate deal executive, who said, “I believe that we have found an excellent match as Noberne Doors will now be able to grow further, while Merino has developed their company portfolio further.”

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