We advised Merlyn Industries, on its acquisition by Norcros plc, a bathroom accessories group based in the UK. The acquisition is valued at €68.3 million(£60 million).

The company reported a net profit of £5 million for the year to the end of March on sales of £30.7 million.

The selling shareholders are the family of Merlyn’s founder, Michael Hoyne, and Dublin-based investment firm Broadlake, which acquired a 30 per cent stake in the business in 2015.