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Hiatt Hardware Group has announced the strategic acquisition of Lakes Bathrooms and Lakes Showering Spaces.
This acquisition will create 200 jobs across the group, and reinforces the group’s long-term vision of building a stronger, more diversified construction and home improvement supplies business with improved supply chain control within the Hiatt Hardware group model.
Group chairman, Ankesh Agrawal, commented: “I am truly excited to on board an incredible British bathrooms’ brand into our group operations and wish to welcome all Lakes’ employees into Hiatt Hardware Group. Lakes is a respected, well-established British brand with genuine manufacturing heritage and this acquisition is a bold and considered move that reflects our confidence in the long-term strength of the UK trade and home improvement market. Our focus now is on supporting the Lakes team and ensuring continuity of the excellent service their customers expect.”
Nipun Agrawal, group CEO, said: “This acquisition accelerates our strategy to build a stronger, more diversified group with market-leading brands across the hardware and home improvement supply sectors. Lakes brings a high-quality manufacturing capability and a loyal, specialist customer base that complements our existing trade relationships.”
