One of the UK’s leading workplace interiors companies, the Eastlake Group, has strengthened its offering to customers by acquiring the Leeds-based furniture manufacturers, Burdew Contract Furniture Ltd.
The £800,000 acquisition is the second for the Group since an MBO by David Eastlake in 2003, and is the Group’s first foray into the manufacturing sector.
Burdew was established in 1974 and currently employs 28 people at its Leeds based premises. The company, which produces low volume, high quality furniture for many high profile clients such as the Commonwealth committee, last year reported a turnover of £2.8m and a profit of £150k. The Eastlake Group was a customer for over five years before the acquisition took place.
The Eastlake Group, formerly Georgesons, was subject to an MBO by David Eastlake in 2003. Since then, the organisation has gone from strength to strength, trebling turnover and number of staff. The Group carried out its first acquisition, of Belfast-based office interiors company CM3, last year. (more…)