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Cool Blue Group, an online retail group which sells a range of home improvement and DIY brands, has bought Wolverhampton’s SPS Brassware in a deal advised on by the GS Verde Group.
Consisting of ecommerce businesses Socket Store and Cool Blue Interiors, and manufacturer G&H Brassware, Cool Blue Group has custom from consumers, trade professionals, wholesalers and internet retailers.
In addition to strengthening and securing the supply chain for G&H Brassware, the deal will also further enhance Cool Blue Group’s product offering, which already includes flat pack bedrooms, kitchens, electrical fixtures and accessories, and lighting.
Phil Stephens, director of Cool Blue Group, said: “We’re delighted to have acquired SPS Brassware and take such a reputable business forward, accelerating the Cool Blue Group’s growth journey.
“Since we began 10 years ago, our focus has been building relationships with the best industry suppliers and manufacturers, to provide customers with a straightforward online shopping experience. We are excited about the opportunity to connect with a greater number and increased range of customers with this new addition.”
SPS Brassware manufactures door and cabinet hardware, electrical switch plates, window fittings, doorstops and hooks. The business also offers metal finishing and polishing, allowing for exclusive ranges to be produced for individual customers.
Stephens added: “The future certainly looks bright, as Cool Blue Group’s businesses become more recognised as brands and become even more people’s go-to for their home improvement needs.”
Dealmakers from GS Verde Group advised throughout the transaction.
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