Housewares Business-to-business magazine for housewares retailers and their suppliers
Home fragrance supplier Xystos has bought bath and body brand Di Palomo from owner Unex Designs.
Unex directors said that after a successful 18-month period of being distributed by Newcastle-based Xystos the move was “unquestionably the correct commercial decision”.
They added that the sale of Di Palomo will enable Unex to focus on other growing areas of its business which increasingly demand more attention.
Unex managing director Martyn Bartlett-Judge commented: “Xystos have unrivalled and invaluable experience in this market sector and are perfectly placed to take the brand that we have developed and cherished over the past 12 years to the next level.
“Fellow directors George Copeland, Rob Tyler and I wish Xystos the very best of luck in this acquisition and look forward to seeing the brand go from strength to strength under their banner.”
Xystos managing director David Lewis added: ‘We are delighted to own this prestigious brand and regard its acquisition as a natural development as we increase our own intellectual property portfolio.
“This is the direction that our business is taking as we look to further invest in brands we own, and strengthen our portfolio through natural growth and company/brand acquisition.”
