GS Verde advise on acquisition for Cool Blue Group
posted 14th July 2022
Cool Blue Group, a leading online retail group consisting of a range of home improvement and DIY brands, has acquired SPS Brassware in a deal advised on by the GS Verde Group.
In addition to strengthening and securing the business' supply chain, this acquisition will also further enhance Cool Blue Group's product offering, which already includes flat pack bedrooms, kitchens, electrical fixtures and accessories, and lighting.
Phil Stephens, Director of Cool Blue Group, said: "We're delighted to have acquired SPS Brassware and take such a reputable business forward, accelerating the Cool Blue Group's growth journey.
"Since we began 10 years ago, our focus has been building relationships with the best industry suppliers and manufacturers, to provide customers with a straightforward online shopping experience. We are excited about the opportunity to connect with a greater number and increased range of customers with this new addition."
SPS Brassware has developed an exceptional reputation over 50 years, manufacturing door and cabinet hardware, electrical switch plates, window fittings, doorstops and hooks. The business also offers metal finishing and polishing, allowing for exclusive ranges to be produced for individual customers.
With bases in South Wales and The Midlands and delivering to customers across the UK, Cool Blue Group prides itself on reliable, efficient delivery and excellent customer service.
Mr Stephens continued: "The future certainly looks bright, as Cool Blue Group's businesses become more recognised as brands and become even more people's go-to for their home improvement needs."
The GS Verde Group are business focused experts in getting deals done. The group combines multiple disciplines including law, tax, finance and communications, to provide end-to-end support as a complete advisory team.