Esschert Design acquires Fallen Fruits Ltd
Esschert Design, a portfolio company of Bolster Investment Partners since 2018, has strengthened its position in the United Kingdom by acquiring Fallen Fruits Ltd. Fallen Fruits has been the exclusive distributor of Esschert products in the UK since 1997.
Effective April 1st 2023, Fallen Fruits is now part of the Esschert group. Esschert is headquartered in Enschede and has subsidiaries in Denmark, the United States, Lithuania, and China.
Fallen Fruits achieved a turnover of GBP 8.5 million last year. Michael Hall, founder of Fallen Fruits, will remain involved after the transaction. He expects to see significant growth within the UK market through the combination of the two companies, resulting in a broader collection and a better supply chain position for Fallen Fruits. This is due to the direct sourcing opportunities from Eastern Europe and Asia available through the network of Esschert Design.
Hanneke Modderman, Investment Director at Bolster Investment Partners, said: “In recent years, Esschert Design has experienced significant growth both organically, driven by a strong market position, and through acquisitions. We are very pleased to add Fallen Fruits to our portfolio, which strengthens Esschert’s strategic position in the UK.”
About Esschert
Esschert Design specializes in developing collections related to gardening and nature. All products are designed in-house, and the company works closely with factories that produce a wide range of products exclusively for Esschert Design.