Acme Facilities Group has bought out Burnley-based ventilation canopy manufacturer, The Canopy Company.
Simon Mallett, Acme’s commercial director, told Catering Insight: “We were finding we were spending a substantial amount of money with external fabrication organisations. So we had to decide whether to expand our own division or purchase a like-minded company.
“The Canopy Company was on the market and it was already one of our suppliers, so we did a deal with them.”
The buyout gives Acme an expanded fabrication division and it has now transferred all of its resources into The Canopy Company. However, Mallett was at pains to point out that The Canopy Company remains a stand-alone business, and therefore will be looking to continue to trade with its existing distributor customer base.
“We have talked to the customer base and most are positive about the deal because it means The Canopy Company now has the backing of the Acme group and it gives the firm more resources, which means it can further expand its ventilation expertise,” Mallett explained.
The Canopy Company was established in 2001 by brothers Sean and Ashley Routh. It manufactures and sells stainless-steel extraction canopies to distributors and also offers specialty and general fabrication services.
This latest acquisition follows Acme’s purchase of Gloucester-based dealer, Severn Catering Services, in May. “Our intention is to become a dominant force in the foodservice world,” concluded Mallett.