Interfloor

Rutland has announced that Interfloor, a portfolio company that specialises in manufacturing underlays for carpets and laminated flooring, has disposed of its Hunter Boots business. GLE Development Capital and individual investors backed the buy-in management buyout team together with a working capital facility from Fortis Bank. Mark Sater, who is director at Ben Sherman and the founder of the Caterpillar boots brand, led the management team. Jonathan Brooks and Adam Middleditch handled the divestment for Rutland. Susan Roy led the team, which offered legal advice to Interfloor. Oliver Brookshaw and Peter Seary acted for Shoosmiths in giving legal advice to the BIMBO team. Rutland formed Interfloor in May 2002 from the simultaneous acquisitions of Duralay from Cinven and Gates Consumer and Industrial from Tomkins Plc for a combined price of £60m. Hunter Boots began operations in the 19th century and produces Wellington boots as well as other footwear products ranging from agricultural boots to safety boots for industrial use. The business generates sales of around £6m.

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• UK / Ireland
• Industrials