1
August 2024
Ultimate
Products plc
("Ultimate Products", "Company", or "the Group")
Confirmation of Chair
Appointment
Ultimate Products, the owner of a
number of leading homeware brands including Salter (the UK's oldest
houseware brand, est.1760) and Beldray (est.1872), is pleased to
confirm that, as of today, Christine Adshead has officially assumed
the role of Non-Executive Chair, replacing James ("Jim")
McCarthy, as announced on 29 April
2024.
Christine is a former Partner at
PwC, where she spent nearly 20 years providing transaction advisory
services across a range of corporate activities and a variety of
sectors, including retail and consumer goods. She was PwC's London
region private equity leader, as well as being a national leader
for mid-tier private equity. Christine was also an elected member
of the PwC Supervisory Board, the governance body for PwC in the
UK, which represents the interests of over 900 Partners and is
responsible for providing constructive challenge to PwC's UK
Executive Board.
Christine is a Non-Executive
Director and Board Member of Hill Dickinson LLP, an international
commercial law firm headquartered in Liverpool. She has served on
the Board of Ultimate Products as a Non-Executive Director since
September 2020.
Christine Adshead, Chair of Ultimate Products,
commented:
"I
am delighted to have formally taken on the role of Chair and am
deeply grateful for the outstanding leadership provided by my
predecessor, Jim McCarthy. On behalf of the Board, I would like to
extend our best wishes to him for the future. Having been a
Non-Executive Director on the Board of Ultimate Products since
2020, I have witnessed firsthand the exceptional dedication of this
company in bringing beautiful products to every home. I am very
much looking forward to continuing to work closely with the team to
build on our successes and drive forward our ambitious and
brand-led international growth plans."
For more information, please
contact:
Ultimate Products +44 (0) 161 627
1400
Andrew Gossage, CEO
Chris Dent, CFO
Shore Capital +44 (0) 20 7408
4090
Mark Percy
Malachy McEntyre
David Coaten
Harry Davies-Ball
Isobel Jones
Cavendish Capital Markets Limited +
44 (0)20 7220 0500
Carl Holmes (Corporate
Finance)
Matt Goode (Corporate
Finance)
Abigail Kelly (Corporate
Finance)
Charlie Combe (ECM)
Sodali & Co +44 (0) 207 250
1446
Rob Greening
Sam Austrums
Oliver Banks
Notes to Editors
Ultimate Products is the owner of a
number of leading homeware brands including Salter (the UK's oldest
houseware brand, established in 1760) and Beldray (a laundry, floor
care, heating and cooling brand that was established in 1872).
According to its market research, nearly 80% of UK households own
at least one of the Group's products.
Ultimate Products sells to over 300
retailers across 38 countries, and specialises in five product
categories: Small Domestic Appliances; Housewares; Laundry; Audio;
and Heating and Cooling. Other brands include Progress (cookware
and bakeware), Kleeneze (laundry and floorcare), Petra (small
domestic appliances) and Intempo (audio).
The Group's products are sold to a
broad cross-section of both large national and international
multi-channel retailers as well as smaller national retail chains,
incorporating discount retailers, supermarkets, general retailers
and online retailers.
Founded in 1997, Ultimate Products
employs over 370 staff, a significant number of whom have joined
via the Group's graduate development scheme, and is headquartered
in Oldham, Greater Manchester, where it has design, sales,
marketing, buying, quality assurance, support functions and
warehouse facilities across two sites. Manor Mill, the Group's head
office, includes a spectacular 20,000 sq ft showroom that showcases
each of its brands. In addition, the Group has an office and
showroom in Guangzhou, China and in Paris, France.
Please note that Ultimate Products
is not the owner of Russell Hobbs. The company currently has
licence agreements in place granting it an exclusive licence to use
the "Russell Hobbs" trademark for cookware and laundry (NB this
does not include Russell Hobbs electrical appliances).
For further information, please
visit www.upplc.com.
