Taplanes, the Harrogate-headquartered shower cubicle manufacturer, has been acquired by investment firm THG in a deal managed by BCMS.
Taplanes designs and manufactures a range of prefabricated low maintenance shower cubicles and bathroom pods, which are increasingly in demand across universities, housing associations, hotels, and defence facilities.
TMG said it was initially attracted by Taplane’s “patented product range and strong order pipe”.
Director Jon Frewin said: “Andy and John have built Taplanes into a great business with excellent growth prospects, and we think we can help accelerate that growth with our skills and contacts.
“In addition to organic growth, we will be looking for further add-on acquisitions to help Taplanes build market share and grow its export channel.”
Taplanes director John Wilkinson added: “Taplanes has been doing very well, but as we both reach retirement age, we wanted to find a new partner to take the business to the next level.
“There are a lot of new opportunities to develop, and we are both delighted to be leaving Taplanes in capable hands.”