J.R. Rix & Sons Ltd, a family business based in Hull, has successfully acquired Prestige Communities Group Ltd, a residential park home maker. This strategic move aims to expand the company’s holiday home and lodge portfolio, which currently includes products manufactured by Victory Leisure Homes.
The acquisition makes Rix Group the sole shareholder of Prestige, a well-known brand in the residential park home sector. This marks the company’s entry into this industry, following the success of Victory Leisure Homes in the holiday home and lodge manufacturing sector. By adding Prestige’s premium holiday and leisure homes to their product range, Rix Group aims to strengthen its market presence and increase its market share.
James Doyle, Managing Director of J.R. Rix & Sons, expressed his excitement about the acquisition, emphasizing the company’s commitment to supporting and investing in Prestige for future growth and innovation. Mitchell Comer, CEO of Prestige, also spoke positively about the deal, highlighting the shared values and long-term vision between the two companies.
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