Yorkshire advisers act on ventilation manufacturer acquisition

20 March 2020

Yorkshire-based advisers have acted on the acquisition of a ventilation products manufacturer by a Swedish group.

Waterloo Air Products is an Aylesford-based manufacturer of grilles and diffusers which was founded in 1961 and has 140 employees.

The £12m-turnover business has been snapped up by Swegon.

Wakefield-based FDS provided corporate finance advice to the sellers with law firm Irwin Mitchell providing legal support.

Poonam Kaur, managing director at FDS, said: "We are delighted that we have been able to advise on such a successful transaction. It has resulted in Swegon being the ideal home for the business, alongside achieving a fantastic result for the departing shareholders."

Daniel Bastide, corporate partner at Irwin Mitchell, said: "Waterloo Air Products is a great example of a UK manufacturer that has developed into a very successful market leading business. This deal provides a great opportunity for the company to keep growing and will be a great addition to Swegon's portfolio."