26.03.2019
New owner for Lyte
UK based ladder and scaffold tower manufacturer Lyte Industries, which was placed into administration in late January, has been acquired by London based Breal Capital in an asset purchase deal, and will now operate as Lyte Ladders and Towers Ltd.
Lyte will continue to offer the same products and services as before, but with Breal looking to expand the business will have access to more capital to invest in new products and facilities. Breal Group also has consulting and real estate divisions, while Breal Capital typically invests in UK manufacturing companies for the long term with no set exit strategy timescales.
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