Svedbergs Group has acquired 100% of the shareholding of Roper Rhodes Ltd as of 1st December 2021. The group operates exclusively in the bathroom sector across the Nordic region, and are specialists in the design and manufacture of bathroom products and most notably bathroom furniture, which, according to Roper Rhodes, makes the move a great strategic fit offering multiple synergies for both businesses.
Majority shareholders Mark and Paul Roper, whose father Brian Roper founded the business in 1979, will leave the business with immediate effect, although current MD Leigh Leather, and fellow directors Will Steele, Simon Taylor and Chris Vallance will all remain on the Roper Rhodes operational board. Leigh Leather will report directly into Svedberg Group CEO, Per-Arne Andersson.
Per-Arne Andersson commented: ”Roper Rhodes is a perfect match with Svedbergs Group’s strategy and ambition of becoming the leading bathroom supplier in selected markets in Europe. Roper Rhodes is well-managed and financially strong with a strong market position and more than 40 years in the industry in the United Kingdom. The company is very similar to the other branded companies of the Svedbergs Group with strong brands and innovative products in different sales channels and a diverse customer base. Together with the experienced Roper Rhodes management team we are looking forward to grow in the British market, which provides clear potential going forward due to its size and underlying demand for new homes and refurbishment. The acquisition of Roper Rhodes is in line with Svedbergs’ strategy to grow organically and through strategic acquisitions and let companies operate independently with their own management and strategic focus areas while benefitting from Svedbergs’ central functions and experience.”
Leigh Leather said: “I am personally very excited for the future of our business and think this step offers strong continuity for both our employees and customers alike.”