Arneg SpA has acquired a 100% shareholding of Manor Concepts Ltd.
Arneg SpA has acquired a 100% shareholding of Manor Concepts Ltd.
Manor Concepts has been trading in Sandy, Bedfordshire, for more than 18 years, servicing the major supermarkets with a specialist cabinet refurbishment service. For the last 12 years, it has been developing and marketing its own range of retail display cabinets.
The acquisition by Arneg will see the collaboration of two forward-thinking companies that operate in different areas of the UK market. The move will provide significant benefits to both companies as well as to new and existing customers.
Arneg was established in 1963 in the Veneto region of Italy. The group has 20 factories and 11 commercial offices in 25 different countries. With a turnover in excess of €500m, it boasts a comprehensive product range that includes cabinets, racks (compressor systems), checkouts, shelving, cold rooms, doors, plug-ins and related services.
The manufacturing capabilities at Manor will be able to support the existing Arneg dealer network giving them access to a local production and development facility, strengthening their business offering and helping them serve customers to a higher level.
The experienced team at Manor Concepts will remain in place to manage the day to day business in the UK. They are excited by the prospects of working together as part of the Arneg family to continue to develop and manufacture innovative new product ranges that will provide customers with the very best solutions.
Since its inception, Manor has invested strongly in manufacturing and finishing equipment. It has built a significant production facility across two sites where all of its products are made in house.
To support this, the company invested in an advanced cabinet development and testing facility. In 2014 a second state of the art test laboratory was installed, giving it the capability to test to ECA standards in both R404 and CO2 on site.
The company recently established two operating divisions, Manor Refrigerated Cabinets and coolsuredoors. The Manor Refrigerated Cabinets division designs and produces a range of retail display cabinets for the leading supermarket chains. The coolsuredoors business has been developed in response to the growing importance of energy saving.
Pictured above are the management teams of Arneg SpA and Manor Concepts Ltd