Brand K Group has acquired Lincolnshire-based Paladin Radiators.
The acquisition is the seventh in the past five years for Brand K Group. Paladin will continue to operate under its existing brand, while shareholders Dean Chughtai and Gareth Charles will remain with the business.
Paladin is an independent producer of traditional cast iron radiators, supplying direct to retailers and installers. Based in the hamlet of New York, the company was founded 30 years ago and now employs 26 people.
Brand K Group, which is based in Bedford with operations in Wigan, Leeds, Willenhall, Hull and Tewkesbury, was established in 2008 by Alex Norford. It now employs more than 750 people. Kartell UK was the first company in the group, however since 2019 the group has acquired a series of UK-based manufacturers including Just Trays, Vogue UK, Summerbridge and MX Group.
Alex Norford, CEO of Brand K Group, said: “I am delighted to welcome Dean, Gareth and their team to the group. We’re excited to have acquired another of the most respected brands in the UK radiator market and to expand further our offering to the heritage and design-led home improvement sectors. Paladin is a business that combines the best of traditional design and innovation in a single product range; we’re looking forward to helping them continue their growth story.”
Paladin’s turnover has doubled since Dean Chughtai and Gareth Charles acquired the business from the original founders in 2017, a statement said.
Dean added: “When Gareth and I first began leading the Paladin business, we saw an opportunity to grow an innovative business delivering quality products direct to consumers, whilst also being well-respected by the professional market. Thanks to the team at Paladin, we’ve achieved all of that and are very pleased to see the business well-positioned to continue on its path of success moving forwards.”
Gareth said: “In Brand K Group, we’ve found the perfect home for Paladin. Alex and his team have a deep understanding of the UK radiator market and offer the business a great opportunity to expand and develop even further. Dean and I are grateful to the team at Paladin for their hard work in more than doubling the turnover of the company during our tenure and we are personally very pleased to see this investment supporting the continued growth of this customer-focused business.”