TLT advises FM Mattsson Group on acquisition of premier UK brassware supplier.

TLT has advised Swedish-headquartered FM Mattsson Group on its acquisition of Bristan Group Limited, one of the UK's foremost suppliers of taps, showers and bathroom accessories.

Headquartered in Tamworth, Bristan is the UK's number one supplier of taps and showers and the largest brassware supplier in the UK. The business generates annual revenues of approximately £63 million and employs around 280 people.

The acquisition represents a significant strategic investment for FM Mattsson Group, strengthening its position in the UK market and expanding its portfolio of leading bathroom and kitchen brands. The acquisition also complements FM Mattsson Group’s existing UK and Ireland business Aqualla which has a strong position in retail and consumer-led bathroom products.  

TLT advised on all aspects of the transaction and the team was led from the firm's Birmingham office. The team was led by Leanne Fryer, Legal Director, supported by Jessie Cockhill, Senior Associate as well as colleagues across a number of specialist practice areas. The wider cross-practice TLT team included Andrew Webber, Partner (Corporate), Peter Blakemore, Legal Director and James D Webb, Partner (Real Estate); Mark Braude, Partner and Chloe Jodkowski, Associate (Tax); Dan Read, Partner (Digital, Data & Commercial); and Ellie Taylor and Fiona Goodman, Managing Associates, and Damien Garrould, Partner (Pensions).

Leanne Fryer, Legal Director at TLT, said: "We are delighted to have supported FM Mattsson Group on this acquisition. Against a backdrop of ongoing consolidation across the building products and home improvement sectors, the acquisition shows the value of bringing together two highly complementary businesses and reinforces FM Mattsson Group's position as a preeminent supplier to the UK market.

"The muti-disciplinary team that worked on this transaction demonstrates the strength and depth of our offering and shows our ability to advise on complex acquisitions to the very highest standards. It was a pleasure to work with the FM Mattsson Group team and help them achieve this significant milestone."

Fredrik Skarp, CEO of FM Mattsson Group also said: “We very much look forward to continuing to develop the business together with Bristan’s experienced management team and committed employees, whose expertise and drive have been crucial to the company’s success.

Martin Gallacher, CFO of FM Mattsson Group added: TLT went above and beyond to help us deliver this acquisition within a highly demanding timeframe, always with a smile on their faces. Their team got straight to the heart of the key issues, always found pragmatic solutions and kept the many workstreams progressing at pace throughout the transaction. Equally important, they were a genuinely enjoyable and down-to-earth team to work with, bringing energy, positivity and commercial focus to every stage of the process. Their support played a significant role in the successful completion of the acquisition."

FM Mattsson Group was also advised by a corporate finance team from DSW’s Midlands office, led by partner Harry Walker, supported by Associate Director, Daniel Choucino. Claritas also advised FM Mattsson on tax matters, with CIL providing commercial due diligence Virtus Insurance Solutions supporting on W&I insurance), and Nordea advising on debt financing. Sell-side advisers to Masco Corporation were Lincoln International (M&A) and Deloitte (vendor financial due diligence).  

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