Joinery giant Magnet Ltd is set to join Europe's largest kitchen manufacturing group in a £134 million deal.

The move follows an agreement made by parent company Enodis Plc to sell the business to Swedish company Nobia Nordisk Bygginterior AB.

The sale includes the whole of the Keighley-based Magnet Group, including its 227 retail outlets in the UK, its manufacturing sites in Keighley, Darlington, Penrith and Flint, and the bathroom and kitchen business CP Hart, which operates showrooms in London, Glasgow, Manchester and Guildford.

The deal is not expected to result in major job losses among Magnet's 2,300 workers as there is little overlap between the two businesses.

Magnet managing director Gary Favell said: "This is good news for Magnet. Nobia is a highly successful, fast growing organisation which is focused on the products and markets in which we operate.

"Joining the group will give Magnet the investment, support and commitment needed to continue to grow and to develop as the leading brand in the UK."

He said there were no plans to significantly change the way the business was run, and that the current management team would remain in place.

Nobia is a private company with headquarters in Stockholm, Sweden. It manufactures a wide range of kitchen furniture in Sweden, Norway, Denmark, Finland and Germany under well-known brands including Poggenpohl.

The group's turnover last year was four billion Swedish Krona - around £275 million - and it employs 4,300 people.

Magnet, which has been part of the Enodis (formerly Berisford) Group since 1994, has enjoyed strong sales and profit growth in recent years.

Sales have increased by a third to £276 million and profits from £5 million to £27.1 million.

However, Magnet has become a minority part of Enodis, which now wishes to concentrate on its core food equipment business.

Enodis chairman Peter Brooks said he would be sad to see Magnet go as it had been a key to the success of the former Berisford group.

"We have known for some time that we need to be focused as closely as possible on our food equipment business, and this is really the logical outcome," he added.

The sale is subject to approval by Enodis shareholders at an extra-ordinary general meeting which will be held soon. Completion, which is also subject to EU competition clearance, is planned before the end of June.