RSM’s M&A and private equity team has advised on the sale of 1810 Property Limited and its subsidiary The 1810 Company Limited (collectively ‘1810’), a UK kitchen sink and tap supplier, to Schock GmbH (‘Schock’).
Founded in 2009, 1810 has grown to become one of the leading suppliers of innovative kitchen sinks, taps and accessories across the UK. Based in Mold, North Wales, 1810 stocks an extensive range of products with a focus on contemporary European designs, offered exclusively to trade customers. 1810 also showcases its products in a dedicated trade showroom in the Business Design Centre in Islington, London.
Schock is an innovative German manufacturer of premium quartz composite kitchen sinks and a supplier of high-end mixer taps, offering a broad portfolio of products to customers globally. Backed by Triton Investment Advisers, a European investment firm, the acquisition of 1810 gives Schock the opportunity to expand its direct sales footprint in the United Kingdom, leveraging 1810’s market leading reputation.
What RSM did
RSM advised the shareholders of 1810, leading key negotiations and providing strategic advice on the commercial terms, as well as project managing all aspects of the deal through to completion.
Transaction team: Connor Agnew, Ollie Currie and Henry Crane.
‘With a headline price already agreed between the principals, I appointed RSM once it became clear that we needed a dedicated lead adviser to manage the deal through to Completion. The team quickly got up to speed with the terms of the deal, identifying a number of outstanding commercial aspects that needed to be addressed. RSM led on all key negotiations and provided me with a constant, balanced commercial opinion. Ultimately, RSM’s advice was fundamental to the outcome of this deal.’
Gareth Williams, Managing Director, The 1810 Company Limited