Posted 8th November

Private equity firm backs MBO of Moores Furniture Group

By KBBDaily on 8th November 2017 - 14:53pm

Private equity firm Hilco Capital has backed the management buyout – led by CEO Steve Parkin, pictured – of West Yorkshire-based Moores Furniture Group from Masco Corporation, which acquired the kitchen and bathroom furniture manufacturer in 1996.

According to Moores, it will be “business as usual” at its Wetherby manufacturing facility following the acquisition, which will see Hilco Capital support the management team to grow the business. Moores added that it has already “built a strong client base over the years”.

“It is our objective to continue to develop enduring partnerships with our suppliers and customers and further enhance our industry leading client service proposition,” said Parkin. “The business has been transformed. We have a strong management team, a clear focus, robust processes, new and contemporary products and a best in class customer service.

“We have already seen our orderbook growing with our key customers because of this investment and we expect this to continue as we go forwards,” Parkin added. “We would like to thank Masco Corporation for its support since 1996 and in helping us identify the right investment partner as we look toward the future.”

Related articles

Chandlers raises £620 for charity through toilet exhibition

Posted yesterday - 15:29pm |

Twenty artists completed pieces of art using 'a wooden toilet seat as their canvas'

HPP invests in new warehouse extension to serve demand

Posted yesterday - 13:42pm |

The supplier is creating an extra 1,400sq ft of space at its Oldham head office and manufacturing site

Ultra Finishing launches Premier bathroom brochure

Posted yesterday - 10:30am |

The company's brand realignment strategy 'positions Premier at the heart of its value proposition'

BSH gains Living Wage employer accreditation

Posted yesterday - 08:00am |

The company said it is already paying its staff 'in excess' of the voluntary living wage rate

in the spotlight

A new inspirational interiors website: KBB Ark

most read

'Kitchen gangster' ordered to pay £2.3m or risk jail