North Wales Building Plastics Limited
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KBS Corporate has successfully negotiated a deal between Colwyn Bay-based North Wales Building Plastics Limited by General All Purpose Plastics Limited (“GAP”).
North Wales Building Plastics, which came to the market in July 2015 and sold just 5 months later, supplies a comprehensive range of uPVC products to the building trade and DIY markets. The acquisition will serve to increase the number of GAP depots, which currently stands at over 30, and expand their operations into new geographical regions.
In the short time that the business was on the market, KBS Corporate managed to attract around 6 interested parties which resulted in 2 solid bids before a deal was agreed with Blackburn-based GAP.
Sonia Cottrell of KBS Corporate managed the deal through to completion and commented on the excellent relationship with both parties which allowed for a quick and speedy transaction.