Completion announcement: Leith Mergers & Acquisitions Limited (https://www.leithma.co.uk) announce the successful sale of The Fixings & Powertool Center to D.W. Nye Limited
Leith Mergers & Acquisitions Limited acted as advisors to the Shareholders’ of The Fixings & Powertool Center (FPTC) (https://www.fixingscenter.co.uk/) on the recent sale of their company to the expanding, Sussex based builders merchants, D.W. Nye Limited (https://www.dwnye.co.uk).
FPTC are a highly respected and well-known company established in 1994 and have grown to become one of the southeast of England’s leading distributors of power tools and fixings.
Rex Nye (Director of D.W. Nye Limited) commented,” The acquisition of FPTC further enhances our market presence both in terms of our footprint in Sussex and Surrey and within the power tools and fixings sector. We have ambitious plans for FPTC within the D.W. Nye group as well as for the group as a whole. This acquisition enables us to expand the range of products we are able to offer to customers of D.W. Nye and FPTC.”
David Nelson, Managing Director of Leith comments, “We are delighted to have played a part in the recent history of this established Surrey based company which we hope will safeguard its future for decades to come. We feel the Company is in safe hands with D.W. Nye and confident that they can un-lock further growth potential. I have no doubt that the employees and Clients of FPTC have an exciting future in store and we are sure D.W. Nye will continue to develop the good name of the Fixings and Powertool Center.”
The senior management team of FPTC as well as the existing employees were retained following the acquisition, the business will continue to operate from its existing location as subsidiary of D.W. Nye Limited.