Motorhome and caravan manufacturer Kabe has taken full control of Coachman in a deal worth £15.71m in total.

The Swedish company has had a 21.5% stake in Coachman, the only UK mass market caravan manufacturer that has so far not moved into producing motorhomes as well, since July 2018.

It acquired the stake shortly after making an abortive bid for Adria, which was subsequently sold to the Trigano Group.

Kabe Group chief executive Alf Elkstrӧm described the Coachman as “a very well run company that is gradually increasing its share in the English market”.

“Coachman fits in well with the group and our strategic direction,” he added.

Kabe says that although the deal creates opportunities for synergies and greater collaboration in sales, product development and purchasing, the existing management team, headed by Elliot Hibbs, will continue to run the company at its Hull site, where it has been for 30 years and where it currently employs over 200 people.

Some £2.25m in the overall deal price is being held back for two years.

The deal leaves Bailey and Swift as the only two mass market producers who are wholly British-owned.