After enjoying a successful working relationship for many years, Ultra Finishing, based in Heasandford Industrial Estate, Burnley, bought bathroom furniture supplier Niko for an undisclosed sum, with the help of Cassons Chartered Accountants.

The deal will see Niko Chief Eexecutive Tony Wood join the board at Ultra.

The companies will continue to trade independently with all of the 180 collective employees keeping their roles.

Ultra, whIch enjoyed a turnover of £50.4m in the last financial year, is now moving quickly with plans to expand its Premier brand portfolio to include more Niko products, with a new range available from September 1st.

Managing director Mike Duggleby said: "We have worked with Niko for many years and have enjoyed a successful working relationship with them. We will now be able to offer complete bathroom solutions, something the company has been striving towards.

Other advisers to the deal included Umberto Vietri of AWB Charlesworth, who provided legal support to Ultra.