KBS Corporate Completed the Acquisition of Carradice of Nelson
Carradice of Nelson Limited is a manufacturer of hard-wearing, attractive bicycle bags which caters to commercial and private customers worldwide. The company was first established in the 1920’s and has spread across the North West. The current shareholders, David and Janet Chadwick, acquired Carradice of Nelson Limited in 1995.
Having been with the business for several years, David and Janet instructed KBS Corporate with the sale of their business to enable their retirement plans.
During initial discussions it became apparent that finding a buyer who would enable further growth was vital to the shareholders. This shaped KBS Corporate’s research strategy which resulted in 22 interested parties and proved highly popular with UK trade buyers.
The final offer came from Aquapac International Ltd, and the acquisition will enable the company to expand their market offerings. Aquapac International Ltd is keen to enable further growth of Carradice of Nelson. Post completion the shareholders will retain an equity stake within the new group.
Associate Corporate Director at KBS Corporate Finance, George Barnes, advised Carradice of Nelson.