Marple wallpaper brand, Grandeco, has announced the acquisition of Darwen-based manufacturer Holden Decor Ltd by its owners, Grandeco Wallfashion Group.
The acquisition of the Lancashire manufacturing firm is part of the global expansion strategy of the Belgian group, which has its UK sales office in Marple, in the wallpaper and wallcoverings sector.
Grandeco CEO, Patrick Molemans, said about the acquisition:
The deal is a true example of walking the talk. When we reorganised the shareholdership in March 2020 we promised the market we would further strengthen Grandeco’s market power going forward with carefully targeted acquisitions.
“With the acquisition of Holden Decor we acquire exceptional expertise in product design, coupled with outstanding quality and customer service. Holden Decor’s flexibility, speed of response, market awareness and adherence to its core values have given it an unrivalled reputation both in the UK and internationally.”
Derek Holden, founder and Managing Director of Holden Decor, will remain in the post, running the Lancashire based wallpaper manufacturer as an independent brand within the group. He commented:
The fit with Grandeco is ideal as we complement each other perfectly by providing very distinctive products for the consumer and different approaches to the market.”
The transaction took place on 30th June 2020 and is subject to the usual conditions, including approval by the competition authorities. No financial details on this transaction have been disclosed.
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