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Livingstone Partners LLP is regulated by the FSA
website by Hughes Media
Livingstone Partners is an international investment banking organisation,
the partner firms of which are separate legal entities. All rights reserved.
CME Sanitary Systems blown away by Force 5
December 2010
Livingstone Partners’ Industrial sector team has advised the shareholders of CME Sanitary Systems (‘CME’) on the sale of the company to French group, Force 5, owner of Wirquin, which is an established European competitor of CME.
Doncaster-based CME was established in January 2008 through the management buy-out of Polypipe Sanitary Systems – a transaction on which Livingstone Partners also advised. CME is the leading independent manufacturer of toilet seats, cisterns, valves and flushing components for use in sanitary ware, sold under the well known Celmac and Macdee brands. It is also the leading global supplier of Ecoplay, the innovative grey water management system that reduces water usage and is approved for UK Code 6.
The deal sees the existing management team remain with CME to continue driving the company forward within the Force 5 group.
Brian Watson, CEO of CME commented: “Livingstone Partners have continued to support the business in their role as key advisors to the management team since the January 2008 buy-out from the Polypipe Group. This is yet another success for all parties in extracting good value for the shareholders, enhancing a market leading position here in the UK for the combined business of CME and Wirquin. There is no doubt that without their skills and experience, this deal would not have happened. We look forward to continuing the already strong relationship with the Livingstone team.”
Kristian Gavan, Director at Livingstone Partners added: “We have worked with the CME management team successfully during the last six years, both before and after the MBO, so were delighted to have the chance to do so again. This is a good fabulous example of Livingstone’s international transacting capability and the faith put in us by owner managers to advise them on the key decisions for their businesses. The partnership with Wirquin puts the CME business on a new footing and will bring significant benefits to customers, staff and the shareholders.”
For further information contact:
Kristian Gavan,
T: 020 7484 4747
E: gavan@livingstonepartners.co.uk