Local man in charge of firm following take over

Local man in charge of firm following take over

3 September 2014

A BALLYNAHINCH man has been announced as the new owner of the UK’s oldest bathroom manufacturer, Adamsez, in a deal worth over £750,000.

James McCormick, Managing Director of Macspec Engineering, will now head up the Carryduff-based firm which was founded in 1885, after Adamsez Chairman Larry Dunlop decided to retire after 40 years in business.

James, along with co-owner, Ciaran Hunter, a Chartered Accountant and CEO of Arran Capital, is part of a group of investors from Halo, the Northern Ireland business angel network, based at the Northern Ireland Science Park.

Adamsez is one of the few bathroom manufacturers which still designs and produces in the UK, and licenses its brand internationally, including to China, Singapore and India.

While Adamsez products are stocked locally by leading retailers, over 75% of sales are outside Northern Ireland.

The bathroom firm has been at the forefront of major innovations: it was the first to develop baths with central taps and a leak-free, silicone-free shower enclosure.

Larry Dunlop, said: “At 85 I think the time has come for me to retire, and would like to take this opportunity to thank our customers for all their support over many years.

“The company is in excellent hands with the new owners who, like ourselves, are experienced in, and committed to, high level manufacturing and excellent customer care.

“Under their able leadership, we look forward to seeing Adamsez continue to grow from strength to strength.”

James McCormick said they will build on the established company name and reputation, “Adamsez is renowned for the highest standards of excellence, and that is why we will retain and invest in this recognised brand.

“The acquisition of Adamsez will lead to investment in the latest manufacturing technology.

“We are committed to providing the market place with the finest quality bath products and we will continue to grow Adamsez both in the UK and in the international market place.”