Keter Group BV, a leading global supplier of resin consumer products for the home and garden, said last week it had agreed to acquire Stewart Plastics.
The acquisition supports the UK’s continued growth strategy and brings together two complementary product portfolios.
Keter, which operates in more than 90 countries, specialises in a broad portfolio of resin consumer products including sheds and storage boxes, furniture, tool and hardware storage and home solutions.
Bsanburuy-based Stewart, a UK brand leader in the grow-your-own and decorative planters categories as well as a leading supplier of professional catering products to commercial kitchens, food retail and hospitality sectors, has 70 years of brand and manufacturing heritage. Stewart products are present in more than 1,600 outlets across the UK.
Lee Mellor, head of Europe at Keter, said: “As a combined company, we will have the resources and capability to provide our customers with an unmatched offer, consisting of an innovative product portfolio, a stable of enviable market leading brands, and a service promise that will be strengthened by our extended manufacturing footprint and enhanced supply chain capabilities into the garden centre channel’ comments.”
Stewart’s MD Andy Burns added: “We are excited to become a part of the highly respected Keter organisation, it creates significant growth opportunities for Stewart. Together, we have the capability to accelerate our market leading presence in our core garden and catering categories through greater product innovation and access to resources that come from being a part of a global organisation”.
Both businesses will continue to be managed by their current leadership teams.