We are delighted to have advised Just Trays on their sale to Kartell.
Just Trays is one of the largest shower tray manufacturers in the UK, employing more than 125 people and turning over more than £14 million. The company was founded in 1988 and manufactures c.7,000 units per week from its 58,000 square foot manufacturing plant in Leeds.
We were given the opportunity to meet with the shareholders to explore a potential sale process of Just Trays following the recent work we had completed in the sector. Our team provided full sell-side corporate finance advisory services to help facilitate the sale of the business.
Founded in 2008, Kartell is a supplier of radiators and designer towel warmers to the independent and merchant showroom sector. It turns over in excess of £60 million and employs more than 200 people across two principle sites in Bedford and Wigan.
Kartell represent a strategic trade buyer for Just Trays. The acquisition of Just Trays allows Kartell to create a strategic alliance to offer additional value to the customers and stakeholders across both brands. An innovative approach to manufacturing will enable Kartell to continue to grow their successful export business.
Our knowledge of the bathroom products sector, experience and network of buyers safeguarded confidentiality and ensured the best outcome was delivered for the shareholders whilst securing an exciting home for the business.
“Grant Thornton have delivered a result exceeding our expectations. Their support and guidance throughout the journey was invaluable. Grant Thornton understand our business and how we operate. The outcome is testament to their experience, tenacity and negotiation skills. They ran a sales process that culminated in an outstanding result and delivered a deal with a buyer which will allow Just Trays to continue to flourish. Thank you for your advice and dedication.”Finance Director, Just Trays Lee Walker