Warwickshire-based commercial kitchen and refrigeration component supplier, Oxford Hardware, has been acquired by American firm Kason Industries.
Oxford Hardware is an established provider of components to the catering industry and has been in business for almost 20 years. It provides canopy fittings, lamps, feet and castors and refrigeration parts.
Kason, headquartered in Atlanta, Georgia, is one of the largest suppliers of hardware and components for refrigeration, foodservice and industrial equipment.
After a working partnership of many years, the acquisition enables Kason to cement its UK presence as leader in the sector.
The shareholders of Oxford Hardware brought in the West Midlands corporate finance team from accountancy firm Bishop Fleming to advise on the deal.
Oxford Hardware director, David Cleave, said: “Charles Davey and Phil Redgate at Bishop Fleming were unbelievably helpful and excellent guides thorough the labyrinths of a company sale. It was a deliberate two-year process but by the time of the takeover every facet had been covered.”
The deal will allow Oxford Hardware to embark on the next stage of its development under the wing of a much larger owner.
The company has five North America branches and a raft of distributors around the globe providing hardware products and accessories to foodservice customers. Every Kason product is specified in-house and engineered to meet its stringent standards.