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Magnet enters next phase of growth as Alteri acquires iconic Yorkshire kitchen brand
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Magnet enters next phase of growth as Alteri acquires iconic Yorkshire kitchen brand
Magnet, founded in Yorkshire in 1918, is now back under domestic ownership thanks to an acquisition by Alteri Investors, which promises to secure the long-term future of the well-known retail brand. The company, which manufactures most of its kitchens at its site in Darlington, had been part of the Swedish Nobia Group for more than 20 years. With over 450 people working at the North East facility, Magnet is one of the town’s largest employers. N…
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