Teesside-based Caswells Group has made its second acquisition in two years, purchasing Macclesfield-based Cutler Cleaning for a six-figure sum.
Founded in 1962, Caswells Group has spent over 50 years supplying businesses across the country with PPE, janitorial, safety and hose/hydraulic supplies, and has now acquired Cutlers which was founded in 1982, for £1.6million – retaining all 25 of its staff.
Commercial Director at Caswells, Paul Murphy explains: “We have worked with Cutlers for around 10 years as Jangro colleagues and we share a similar business ethos. There is a complimentary skill set, our teams have worked together closely and like us, the business has a loyal, long standing customer base, so it made perfect sense. We’re excited for this next chapter and can’t wait to work with the team.”
Cutler Cleaning has an annual turnover of £4.5million, as well as 10 vehicles and a 14,000sq ft warehouse, stocking all manner of cleaning, janitorial and PPE supplies.
Paul Whitehead, previous managing director at Cutlers said: “I had been looking to retire and sell the business, but wanted to protect the interests of our customers and staff during that process. We have worked with Caswells for many years and I know that this is a positive move which will ensure the ongoing success of the business and be of great benefit to both sides.”
Caswells Group was advised by Anderson Barrowcliffe and Knights Plc, and Cutler Cleaning was advised by Higgs LLP.
Caswells supports many local charities including Butterwick Hospice and The Moses Project, and made numerous donations of PPE and sanitising products to causes and local hospitals during the Covid19 pandemic.
