Supplier of radiators and bathroom products to independent merchants and showrooms, Brand K Group has acquired Lincolnshire-based Paladin Radiators.

The seven-figure deal  is the seventh acquisition in the past five years for Brand K Group, and marks a further step towards its ambition to become a UK leader in the HVAC and bathroom sector.

Paladin is a leading independent producer of traditional cast iron radiators, supplying direct to retailers and installers.

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All its products are assembled and finished in Britain and it has its own dedicated foundry.

Based in the hamlet of New York, Paladin was founded 30 years ago and now employs 26 people.

Paladin will continue to operate under its existing brand, while shareholders Dean Chughtai and Gareth Charles will remain with the business.

Paladin’s turnover has doubled since Dean Chughtai and Gareth Charles acquired the business from the original founders in 2017.

Chughtai said: “When Gareth and I first began leading the Paladin business, we saw an opportunity to grow an innovative business delivering quality products direct to consumers, whilst also being well-respected by the professional market.

“Thanks to the team at Paladin, we’ve achieved all of that and are very pleased to see the business well-positioned to continue on its path of success moving forwards.”

Based in Bedford Brand K Group also has operations in Wigan, Leeds, Willenhall, Hull and Tewkesbury and was established in 2008 by Alex Norford.

It now employs more than 750 people and turns over in excess of £163m.

Kartell UK was the first company in the group and remains the largest distributing radiators and bathroom fixtures and fittings under the K-RAD and K-VIT brands.

However, since 2019, the group has acquired a series of UK-based manufacturers including Just Trays, Vogue UK, Summerbridge and MX Group.

 CEO of Brand K Group Alex Norford said: “I am delighted to welcome Dean, Gareth and their team to the group.

“We’re excited to have acquired another of the most respected brands in the UK radiator market and to expand further our offering to the heritage and design-led home improvement sectors.

“Paladin is a business that combines the best of traditional design and innovation in a single product range; we’re looking forward to helping them continue their growth story.”

Gareth Charles of Paladin Radiators added: “In Brand K Group, we’ve found the perfect home for Paladin. Alex and his team have a deep understanding of the UK radiator market and offer the business a great opportunity to expand and develop even further.

“Dean and I are grateful to the team at Paladin for their hard work in more than doubling the turnover of the company during our tenure and we are personally very pleased to see this investment supporting the continued growth of this customer-focused business.”