Heitkamp & Thumann Group, the family owned industrial manufacturing group headquartered in Duesseldorf, has sold its UK based air duct accessories business to Chiltern Capital LLP, a London based private equity sponsor and management. The transaction comprises the legal entities based in the UK operating under the “Doby Verrolec” brand. The Newcastle upon Tyne based business is the UK market leader for the design and manufacture of ductwork components for air control systems used in HVAC applications. Doby also supplies suspension systems and metal sections/profiles for a range of applications as well as bespoke products and engineered solutions. The Company has a core manufacturing competence in roll-forming and metal stamping. Doby’s products are used in commercial construction installations, such as in the premises of well-known international companies. Its products have also been built into landmark buildings such as the Shard, Wembley stadium and the iconic Burj Khalifa in Dubai.
With this transaction, Heitkamp & Thumann continues to concentrate on its core businesses. The terms of this transaction were not disclosed.
Headquartered in Duesseldorf, Germany, the Heitkamp & Thumann Group is a family owned, leading global supplier of world class precision formed metal and plastic components. Founded in 1978, today the Group has sales in excess of EUR 500 million and comprises more than eighteen medium-sized companies located in 10 different countries.
Chiltern Capital specialises in private equity investments in smaller mid-market companies in the UK, backing well-established businesses with growth potential run by enrepreneurial management teams. Chiltern Capital supports investee companies and provides capital for further business development, either organically, through a roll-out or through bolt-on acquisitions.
The IMAP M&A Consultants Team around Dr. Burkhard Weber and Claudio Laudati advised the Heitkamp & Thumann Group on a competitive corporate disposal process in the UK and fielded a cross-border, cross-cultural and multilingual team.