Duncan and Toplis announced it has helped facilitate the sale of Fen-Bay, a UK supplier of industrial doors and loading bays, to Hörmann, a European provider of gates, doors, frames and operators.
The move will see ongoing investment in the group which includes Lincolnshire-based Fen-Bay Services and Doncaster-based Transdek. Combined, the Fen-Bay group employs 150 people, including over 100 full-time engineers who support its 24/7, nationwide service support provision.
Duncan and Toplis said it helped negotiate “finer details” with the chosen buyer and helped to manage the sale process, the supply of information and supported the completion of the sale along with associated tax advice and financial planning support.
Wolfgang Gorner, managing director of Hörmann UK, said: “We are delighted to welcome the Fen-Bay Group to the Hörmann family. We see this as a natural fit and a key part of our drive to increase our footprint in the industrial and service sectors.
“The Fen-Bay Group with its excellent brand, reputation and nationwide coverage will complement our existing operations, but will allow us to compete even more so in these areas.”
Carl Sedlan, managing director of the Fen-Bay Group, added: “We already have extensive experience of Hörmann and its strong family values, which resonated strongly with our Management Team.
“Everyone is genuinely excited by the opportunities moving forward and becoming part of such a well-known and respected group. I’d like to thank Duncan and Toplis for its support over the last few months – we couldn’t have done it without the team’s input and hard work.”