Heating products manufacturer Charlton & Jenrick has acquired a Manchester-based fireplace supplier Fireline
Heating products manufacturer Charlton & Jenrick has acquired a Manchester-based fireplace supplier Fireline
The Telford-headquartered acquirer was backed by £4 million from asset-based lender Enterprise Finance Europe (EFE). The firm’s last purchase was in 2002 when it bought Durham-based wood fireplace manufacturer Katell.
Charlton & Jenrick, established 1986, has a turnover of £12 million, with expected sales next year of £13 million. Founder Bill Jenrick said: “The deal will create significant synergies but there is currently very little overlap in the two companies. It means we can now provide a one-stop shop offering the complete range of products.”
Jeremy Carr and Nathalie Blake of
