In March 2021, Enact completed the acquisition of historic Yorkshire business, Bartoline Limited.
Bartoline is Europe’s leading manufacturer of decorating sundries to the UK’s largest DIY retailers, as well trade and wholesale outlets. Based in Beverley, the company employees 100 people and specialises in paint solvents, fillers, adhesives, decorating sundries and wood care products.
As part of the acquisition, Enact will invest funds to support future growth and expand production capacity. Paul Robbins was appointed as the new Managing Director, taking over from Simon Barton who, after 29 years of service, retired. Paul brings significant experience from his previous roles at Akzo Nobel, most recently Managing Director of Northern Europe. He will work alongside the existing management team.
Chris Cormack of Enact commented “Bartoline is a fantastic example of a local, Yorkshire manufacturing business, steeped in family heritage that has developed into one of Europe’s leading manufacturer of decorating sundries for the home improvement market. Having been family run since formation in 1876, a lack of succession created the need for a transaction and we are delighted to have the opportunity to continue the hard work of the family and will preserve their tradition of investment in the business to deliver long term growth – bringing certainty to family shareholders and being a good home for family businesses like Bartoline is very much at the heart of the Enact investment strategy. The business has experienced growth during the pandemic, which is testament to the hard work of everyone at Bartoline in challenging circumstances and we look forward to supporting the ambitions of the management team to grow further. The acquisition is a third investment for Enact in the last 6 months and demonstrates our desire to support and enhance the performance of SME businesses through a combination of capital investment and hands-on operational and strategic support.”
Key person for this case study
Having joined Endless in 2013, Chris leads our Enact Fund. He’s worked across industry, banking and corporate finance, starting his career with Ernst and Young in 1993.