The BDO M&A team in Manchester advised CED Fabrications on its sale to Tournus Expansion SAS.
CED Fabrications is a leading UK manufacturer of commercial catering equipment. Founded in 1991, the business employs around 150 people from its manufacturing facilities in Accrington, Liverpool and Sandwich.
Tournus Expansion is a leading French manufacturer of stainless steel professional equipment for the catering industry. Founded in 1910, the company designs and manufactures a large range of products, from its premises in the Burgundy region and employs 270 people. The group is backed by investors MML Capital Partners, UI Gestion and Bpifrance.
“BDO M&A delivered a fantastic result for the CED shareholders. We were particularly impressed by the team’s ability to quickly establish an understanding of our business and sector and the use of their international network to find a strategic European buyer proved to be critical. BDO conducted a highly professional, well managed process that successfully navigated any issues that arose, not least the EU referendum. I would highly recommend BDO to any business owner thinking of selling their business.”
Howard Rishton, Managing Director CED Fabrications Limited