KBS Corporate Completes the Sale of Tuffpipes Limited
Tuffpipes Limited is a manufacturer of rigid PVC ducting for supply to the utilities, construction, and infrastructure industries. The company has experienced considerable growth since its inception, with its reputation for an exceptional service, knowledgeable workforce and high-quality products ensuring the continued strength of the business.
The shareholders of Tuffpipes Limited, Neil Tuff and Amanda Tuff, instructed KBS Corporate with the sale of their business to facilitate their retirement plans.
The opportunity attracted high levels of interest from UK trade buyers, with some also coming from private equity. The final offer came from Naylor Industries PLC as part of their growth and expansion plans.
Corporate Deal Executive at KBS Corporate, Stephen Alcock, advised Tuffpipes Limited and commented: “The acquisition of Tuffpipes Limited by Naylor Drainage Ltd will benefit both companies going forward. The products that Tuffpipes Limited offer will complement the already great service that Naylor Drainage Ltd provide to its customers.”
Neil Tuff and Amanda Tuff will remain with the business to enable a handover period.