Aga Rangemaster Group plc, manufacturers of the iconic oil fired stove, have acquired the business and assets of Redfyre Cookers and Don Heating Products from Gazco Limited for c.£750,000. The Redfyre and Don businesses currently have a combined revenue of around £1 million per annum.
Redfyre, whose history dates back to the 1930s, is a well-established cast iron cooker brand selling oil, gas and electric range cookers. Redfyre has much in common with the Aga’s Irish based Stanley operation and it is expected that the two brands will now work closely together.
Don has also for many years, supplied spare part components for cast iron range cookers in the field including AGA, Rayburn, Stanley and Redfyre products. According to Aga Rangemaster Group’s Chief Executive William McGrath, the acquisition fits neatly with the Group’s product upgrade programme.
“This acquisition is about continuing and reinforcing our strong support for cast iron products in the field and offering customers a wider range of new modern models to consider.”, said Mr. McGrath.
The acquisition excludes Redfyre Solid Fuel Stoves which will continue to be manufactured and sold by Gazco Limited.
