Space Catering (UK) Ltd, the holding company of Space Catering Equipment, Space Interior Contracts, and Holmes Catering Equipment Solutions, confirmed this morning that it has sold a controlling stake in the business to Nisbets.
Nisbets is best known to care home operators for its online, catalogue and retail product sales, but this acquisition catapults it into core catering equipment installation and project sales for the first time.
Ian Bidmead, who has been managing director of Space Catering since 2012, said the scale and infrastructure that Nisbets has would take its business to the next level.
“It will be largely ‘business as usual’ for customers, staff and suppliers alike, as this is an ‘arms length’ acquisition, but we are fortunate to have the backing of such a large and respected organisation as Nisbets behind us, and all of the team are extremely positive about the change. My key managers have known a deal was on the horizon for a while, and have been fully committed to it. They will all continue in their current roles. I am very pleased that the process has been concluded and we can start making plans for the future.”
Paul McMahon, managing director of Nisbets, commented: “We are very excited by this deal at Nisbets. We see this giving added value service to both sets of customers, which can only be good for business.”
The Space business will continue to trade from its headquarters in Gloucester with manufacturing at Holmes Catering Equipment Solutions in York.