About the client
VSS has grown to become Europe’s leading supplier of textiles to the hospitality sector, boasting key customers such as Marriott, Hilton and Accor, as well as John Lewis in retail and the Ministry of Defence in government.
VSS also has a growing foothold in Asia, having built service centres in China, India and Pakistan and sales operations in Dubai, Kochi and Hong Kong.
About the deal
The combination of VSS and WestPoint Home will create a world leading textile business with a dominant position in the hospitality sector. The VSS management team will look to accelerate the impressive rate of growth that has already been achieved across Europe, the Middle East and Asia with a new push into North America.
Dan Wright, the Executive Chairman and founder of VSS, responsible for its development to this point, will step down after the transaction to concentrate on his other business interests.
VSS was advised by Neil Mitchell and Kaine Smith at Rickitt Mitchell.
“I would also like to thank Rickitt Mitchell for identifying and articulating the excellent strategic fit of VSS’ global operational structure and hospitality business with those of WestPoint Home. The insightful advice and considerable efforts of Rickitt Mitchell, in delivering this transaction and supporting the entire VSS team throughout this process has been outstanding.”Laurie Thomas | VSS Managing Director