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Browne Jacobson seals another £30m deal for entrepreneur Gary Dutton MBE

25 February 2014

Corporate finance advisers at Browne Jacobson have successfully advised entrepreneur Gary Dutton MBE on the sale of Nottinghamshire-based door manfacturer Door-Stop International to Masonite International for £30m.

The Browne Jacobson team was lead by Mark Hughes and Gavin Cummings. In 2010 the team advised Gary Dutton on the sale of Synseal Extrusions Limited to the incumbent management team, supported by private equity firm H.I.G. Europe and Yorkshire Bank.

Established in 2008 and employing 200 people, Nottingham-based Door-Stop International manufactures more than 2,000 composite doors a week, delivering them on its own transport to installers all over the UK. Rated as one of the UKs brightest businesses by the Sunday Telegraph, owner and serial entrepreneur Gary Dutton transformed the business into the leading composite door supplier in the UK within four years. The companys production base will remain at Huthwaite, North Nottinghamshire following the acquisition.

Masonite International is a leading manufacturer of interior and exterior doors for domestic and commerical markets. It employs over seven thousand people and sells to 70 countries from over 70 locations worldwide. Masonites UK division operates from its 40,000 sq ft factory in Barnsley, South Yorkshire.

Gary Dutton MBE, chairman at Door-Stop, commented:

"Door-Stops products and service model are a natural complement to Masonites business. Strong potential exists for the business in the form of continued organic growth, new markets and products, as well as through synergies and improved sourcing capabilities. Our employees and customers can look forward to capitalising on these opportunities."

Mark Hughes, coprporate finance partner at Browe Jacobnson, said:

"We are delighted to have completed another deal for Gary which is a significant step in the development of the business he founded only six years ago. It is a deal that will not only enhance the growth of the business long-term, but also secure the future of its employees."

Door-Stop International was also advised by Clearwater Coprporate Finance. Masonite was advised by law firm Pinsent Masons.

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