Following Grant Westfield’s decision to withdraw from the Commercial Washrooms market, Venesta acquired the Intellectual Property Rights for their Commercial Contracts Division products.
Martin Rees, Executive Chairman of Venesta commented, “We are delighted to have been able to acquire from Grant Westfield Contracts Division a range of innovative products that complement and broaden the Venesta product offer. It was important to both Venesta and Grant Westfield that the deal was completed in a matter of a few days to ensure customers have continuity of supply, both sides worked together with tremendous goodwill to complete the deal.”
Sarah McLean Managing Director of Grant Westfield said, “Over 80% of Grant Westfield’s business is in the manufacture and distribution of the Multipanel™ range of waterproof decorative panels for bathrooms and kitchens where we occupy the largest share of the market in the UK. That market represents a significant opportunity for accelerated and sustainable growth.
Following a strategic review, Grant Westfield decided that Venesta, the UK's leading washroom provider, with extensive technical and manufacturing resources, is best placed to continue to supply the high end products previously offered by our Commercial Contracts Division.”
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