Bartoline, a leading manufacturer of decorating sundries has been acquired by Enact, the SME platform of private equity investor Endless. A new CEO takes the helm as Simon Barton retires. Paul Robbins joins as CEO and with work with incumbent team members Mark Tingay who is sales director and Stuart Ockleton, operations director. Following the deal, the terms of which have not been disclosed, Enact will invest funds to support future growth and expand production capacity.
Chris Cormack who leads the Enact fund commented: “Bartoline is a fantastic example of a Yorkshire manufacturing business, steeped in family heritage that has developed into one of Europe’s leading manufacturer of decorating sundries for the home improvement market. Having been family run since formation in 1876, a lack of succession created the need for a transaction and we are delighted to have the opportunity to continue the hard work of the family and will preserve their tradition of investment in the business to deliver long term growth – bringing certainty to family shareholders and being a good home for family businesses like Bartoline is very much at the heart of the Enact investment strategy. The business has experienced growth during the pandemic, which is testament to the hard work of everyone at Bartoline in challenging circumstances and we look forward to supporting the ambitions of the management team to grow further.”
The acquisition is the third investment for Enact in the last six months with Cormack stating this “demonstrates our desire to support and enhance the performance of SME businesses through a combination of capital investment and hands-on operational and strategic support.”
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