German firm cooking up kitchen deal after acquiring Kent partner
A German kitchen specialist is hoping to sink its teeth
further into the UK market after acquiring its Kent-based
Alno UK bought out Sevenoaks-based Built-In Kitchens, which has
operated as the firm’s Southern Contracts trader since 1995, with
assistance from Vertex Law and Zenon Transaction Services.
The move sees Alno UK take a more direct route to market, having
established an extensive retail presence during the past 30 years
through a network of Alno Premier Retailers, including Built-In
Kitchens, and John Lewis department stores nationwide.
The shareholders of Built-In Kitchens will continue to play a
role in the business which offers a complete design, installation
and project management service.
Vertex Law, based at Kings Hill, acted on behalf of the
shareholders of Built-In Kitchens, providing the company with
corporate and property assistance.
Corporate lawyer Salim Somjee, pictured above, said:
“This deal required input from a number of our experienced lawyers
in our corporate and property teams.
“This acquisition allows Alno UK to take a more hands-on
approach to its operations in England and Wales.
“With Vertex having worked with Richard Price (of Zenon) on the
original acquisition by our clients of the company back in 2006, it
is great to see them being recognised and rewarded for the hard
work and effort they have put in to making such a success of the
Richard Price, director of Aylesford-based Zenon Transaction
Services, added: “We were delighted to structure and project manage
the deal, providing our expertise on the accounting, finance and
taxation aspects of the transaction.”
Alno UK managing director Jonathon Wagstaff said: “This
acquisition rewards the shareholders of Built-In for their great
work over the last six years and provides a platform for all the
stakeholders in the business to benefit as the operation is now
Built-In Kitchens majority shareholders Dean Williams and Martin
Knight said: “This deal opens a new chapter for our business.
“We would like to thank Vertex Law and Zenon Transaction
Services for all their hard work, professionalism and attention to
detail, which ensured this deal was completed in a timely and
Proposals to put a tourist attraction in a former colliery are a step closer after receiving money from a government pot supporting coastal towns.
A management group is calling on traders to put their money behind a project to improve the standard of the city centre.
Read all county news