Osborne Clarke has advised leading tap, mixer shower and bathroom accessories manufacturer Eurobath International Ltd trading as Vado (Vado) on its sale to Norcros plc (Norcros) for a total consideration of £16 million.

Vado, a private family owned business, principally held by the Walker and Williams families, was bought for an initial cash consideration of £10.9 million, plus £1 million debt and further payments of up to £4.1 million depending on performance.

Norcros is a market leading supplier of innovative branded showers, tiles and adhesives. The acquisition of Vado will expand the group’s reach both in the premium products market and geographically.

Vado, which is based in Cheddar, Somerset exports high-end bath and shower products to over 60 countries worldwide. The company has 144 employees and its strong management team, headed by Managing Director Jim Williams, will all be staying with the business.

Alisdair Livingstone, corporate partner, Osborne Clarke, said:

“Vado has a superb reputation in its market and its combination with the Norcross Group will strengthen the company and open many new opportunities. The management team were a pleasure to work with and we wish them every success for the future.”

The Osborne Clarke team advising Vado was led by Alisdair Livingstone and included solicitor Simon Jones.

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