Magnet Acquired by Alteri Investors — Consumer M&A

Alteri Investors has completed the acquisition of Magnet, a consumer other business in the UK, for an undisclosed amount. Magnet manufactures kitchens, with the majority of production based at its Darlington factory employing more than 450 people, supporting retail, trade and B2B kitchen demand. Alteri Investors acquires Magnet to strengthen consumer M&A exposure to a vertically integrated kitchen manufacturer with UK manufacturing capability and expanding smaller-format showrooms. The private equity acquisition is an other acquisition following Magnet’s sale by Swedish parent Nobia Group, returning the brand to British ownership after more than 20 years. Alteri Investors acquisitions include retail-focused brands such as Bensons for Beds, with plans for continued UK investment in capacity, stores and operational efficiency.