Clover Chemicals Limited, a manufacturer of cleaning products, has been acquired by Christeyns UK Limited, in a deal advised by KBS Corporate Finance.
Clover Chemicals is a developer and manufacturer of high-quality cleaning chemicals, based in Derbyshire. The company has established itself as a reliable developer of effective products, placing a strong focus on research and development.
On instructing KBS with the sale of their business, a thorough research strategy was implemented, which generated a wide range of interest, with over 60 NDAs signed.
Following negotiations, a deal was agreed with Christeyns, a Bradford based company, best known for the manufacture of detergent, disinfectants and equipment. Clover Chemicals’ product range includes Floorcare, Washroom and Skincare products and will complement Christeyns existing offering, as well as enabling future growth and diversification.
Clover Chemicals will continue to operate from its facility in the High Peak area, and Managing Director, Des Eustace commented, “We are excited to be joining such an ambitious group. Christeyns’ core values of family, expertise, passion and continuous improvement are an ideal fit for the future of the Clover business and we look forward to the exciting journey ahead as part of this deeply committed organisation.”
Hassan Ahsan and Jay Singh, of KBS Corporate Finance, advised on the deal, with Hassan commenting, “The success of this acquisition can be attributable to the strong, professional relationships we held with both Clover Chemicals and Christyens UK. I know that Clover Chemicals will continue to flourish under the direction of Christeyns, and I wish them all the best for the future.”