Mon, 23 Jun 2014 | MBO/MBI
The management at Yorkshire firm Just Trays (JT) is preparing to purchase the business from Gresham Private Equity. Maven Capital Partners has made a multi-million pound investment to back the deal.
Founded in 1988, JT is a major manufacturer of shower trays and related accessories. Product design, development and production are carried out at its main site in Leeds.
Its customers are trade partners in the construction and housing market. The manufacturer pioneered the first acrylic capped shower tray, the first tray that incorporates adjustable, concealed legs, amongst other industry firsts. It offers over 200 shower trays in six ranges, the JT website says.
The current management team previously carried out an MBO, supported by Gresham and RBS, in 2006. This latest investment from Maven will help to drive JT’s growth plans, to boost sales through export markets, and to develop new routes to market and widen its range of products.
Despite the construction industry at large being hit by a fall in trade during the recession, JT’s finances stayed in the black and cash generative throughout the period. Ryan Bevington, investment director at Maven said: “We believe it is now well placed to capitalise on its position as the UK’s leading shower tray brand.”
JT’s managing director Paul Crossley added: “The timing was right for everyone concerned for JT to find a financial partner to back the next stage of our growth strategy, as we look at new routes to market, overseas expansion and bolt-on acquisitions.”
______________________________________________________________________
Related information:
Financing your business purchase
BRC business rates reform to boost expansion plans
The company offers a well-regarded own brand of hair care products focusing on hair growth and repair, featuring premium formulas that are natural, vegan, and cruelty-free. With a strong global presence and prestigious industry awards, the business h...
This business offers a cutting-edge process safety management platform with proprietary software that ensures proactive safety measures for both onshore and offshore assets. With a strong foothold in the oil and gas sector and recent expansion into i...
This business offers a comprehensive range of road surfacing and civil engineering services, supported by significant investments in state-of-the-art equipment and a recently acquired operational site in Scotland to optimise efficiencies. With robust...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.