A Devon-based door manufacturer has been sold to Essex-based Blount Shutters for an undisclosed amount.
Zenith Doors, in Newton Abbott, supplies, installs and maintains a wide range of automatic doors, including industrial, commercial and domestic products.
The company has over three decades of experience within its market, benefitting from industry- standard accreditations and qualified engineers.
John Grant, director of Zenith Doors, instructed KBS Corporate on the sale as part of his retirement plans.
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Charles Needham, KBS Corporate deal executive, said: “This was a great acquisition for a trade buyer operating in a similar space. John was ready to be rewarded for developing the company and enjoy a relaxed lifestyle”.
Essex-based Blount Shutters was identified as a suitable acquirer, having specialised in roller and security shutter doors since 1984. The business has established a portfolio of clients on a national scale and utilises engineers across the country to provide 24-hour maintenance support.
The acquisition of Zenith Doors allows Blount Shutters to diversify its revenue streams and pursue geographical expansion.
Mr Grant commented: “I’m pleased that Blount Shutters will be taking the business forwards and I know they already have plans to expand.
“Charles kept us informed throughout the sale, which was really appreciated. I can now enjoy my long-awaited retirement plans, which will be playing golf and family holidays!”
Mr Needham added: “We exceeded our initial expectations and streamlined the transaction wherever possible — I’m very satisfied with the deal.”
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