Private investment business Intrinsic Equity, has acquired Hinckley-based shower enclosure manufacturer Aqata Limited, so that it now joins Intrinsic Equity’s family of KBB and design-related brands, including Aqualux, which was acquired from Dutch bathroom giant Fetim in late 2019.
Commenting on the acquisition, group CEO Steve Lee said: “We are delighted to be able to take this bold, strategic move during such unprecedented times. Aqata has been part of the fabric of the British shower industry since it was established by Peter Brown in 1986. We are proud to have the opportunity to continue the great work of MD and owner Jayne Barnes who headed up Aqata for over 15 years following her father’s retirement in 2005.”
He continued: “For many years we have admired what the Aqata brand represents to the independent bathroom retail market, the products are excellent and backed by a world-class service. The position of the brand perfectly complements Aqualux, which has been synonymous with the large scale merchants and retailers for over 40 years.
“Aqata shower enclosures are British designed and hand crafted in its modern factory in Leicestershire. Whilst 2020 has seen major changes and uncertainty for the UK following Brexit and Covid-19, this acquisition offers great flexibility for our customers: a British manufacturing facility combined with the long established global sourcing model of Aqualux, this will ensure we can continue to provide a dynamic, speed to market offering with competitive pricing; all backed by a market-leading service and significant inventory throughout our supply chain.”
