Polyframe announces sale of its trade counters business and the acquisition of a sixth manufacturing site

Polyframe announces sale of its trade counters business and the acquisition of a sixth manufacturing site
Photo source
polyframetrade.co.uk
Polyframe announced that it has sold its trade centres division, Polyframe Trade Centres Limited (PTC) to Stevenswood Limited and has acquired the 55,000 sq. ft. manufacturing site in Livingston from Stevenswood.

Polyframe Group Limited (Polyframe), the leading manufacturer of trade windows and doors, announced today that it has sold its trade centres division, Polyframe Trade Centres Limited (PTC) to Stevenswood Limited and has acquired the 55,000 sq. ft. manufacturing site in Livingston from Stevenswood.

Polyframe began serving trade customers in 1992 with the vision of offering an unrivalled level of reliability, flexibility and customer service, together with the most extensive product range of windows and doors.

It has grown to be one of the largest manufacturing companies of PVCu and aluminium windows, and composite doors within the UK, with six major manufacturing facilities across the country.

Following the management-led buyout in June and subsequent strategic review, it was decided that these values would be best sustained by separating the trade centres business from its core fabrication activities.

Established in 1997 and headquarted in Livingston, Scotland, Stevenswood operates a network of 15 trade centres across Scotland, with a total showroom space of 70,000 square feet, distributing windows, doors and kitchens to the installer market.

The acquisition of Polyframe’s 11 trade centres, which will all be rebranded as ‘Stevenswood’ by the end of December, accelerates its ambition to build a national trade counters business.

Nicholas Summers, Managing Director of PTC will join the Stevenswood leadership team to help deliver this. The sale of its manufacturing operations to Polyframe allows Stevenswood to focus entirely on its core trade centre distribution activities.

Jon Gatfield, Polyframe’s Group Managing Director, commented “Our stated aim is to be the market leading trade fabricator of high quality windows and doors in the UK. This transaction allows us to focus our attention and investment to increase manufacturing capability, strengthen product development and expand Polyframe’s product range for the benefit of our customers.”

Ron Hepburn, Chief Executive of Stevenswood said, “Our goal is to increase our network of trade centres over the next five years, through a combination of further acquisition, new branches and organic growth to become the leading trade counter distributor in the UK. The purchase of the PTC network from Polyframe is the first step towards achieving this.”

Investors, Cairngorm Capital will retain their existing holding in PTC, which will be combined with the Stevenswood group and ensures Stevenswood has access to deep capital resources to fund its continued growth.

600450 Polyframe announces sale of its trade counters business and the acquisition of a sixth manufacturing site glassonweb.com

See more news about:

Others also read

KOMMERLING's Double Director Appointment
profine UK Ltd have appointed Gareth Jones as their new managing director, along with the promotion of Brian McDonald to sales director, to oversee the further development of the KÖMMERLING brand in the UK window and door systems market.
GlassBuild America 2018 Exceeds Expectations
If you were on the show floor, you know that it felt like the entire glass, window and door industries were in Las Vegas last week for GlassBuild America.
Lower your Energy Costs! Introducing ALL-NEW LoE-i89™ Glass
We are always working to provide the most Energy Efficient windows on the market. Introducing LoE our new energy-saving surface coated glass. It offers more light transmittance and less reflectance than most glass options.
WDMA Criticizes Latest Tariffs on Chinese Products
WDMA is strongly criticizing the Trump Administration’s decision to impose tariffs, 10% for the remainder of 2018 and increasing to 25% in 2019, on a list of products from China. WDMA is concerned the new tariffs will do more harm to the U.S. economy than good.
Taking it to the Bank - A Landmark Reinvented
The landmark building at 49 Chambers street is entering a new phase in its history, and Graham’s historic windows are everywhere you look.
Bereco Achieve Bluesky Noise Reducing Window Certification For New Ambient Range
Bereco is pleased to announce the launch of the Ambient Timber Window & Door Range. Unique to the market, this highly anticipated range includes a number of noise reducing levels from 38dB right up to 42dB.

From industry

NEWS RELATED PRODUCTS

Thermoseal Group Ltd.
Thermoseal Group Ltd.
Wrightstyle Ltd.
Thermoseal Group Ltd.

Add new comment