Synseal Acquires Systems Glass

Synseal has acquired the business and assets of Prospect Inc. Ltd, trading as SystemsGlass.  Located at Challenge Way in Wigan with good access to both the M6 and M58 motorways, Systems Glass supplies quality products to a well-established regional customer base which include insulated glass units for window frame and roof applications as well as quantities of single sheet toughened glass.

Operations comprise a 50,000 square foot production facility, tried and tested manufacturing equipment and highly experienced and skilled staff. The existing capacity of 9,000 IGUs per week will be increased through additional Synseal investment to fully maximise the potential of the spacious site.

Prospect Inc. Ltd Managing Director Nigel Palmer said: “From David first ringing me to completing the deal took a total of 22 working days – I can’t believe how quick and straightforward the deal was!”

Synseal’s Chief Executive David Leng comments: “This well-positioned IGU manufacturing facility in Wigan will strengthen our busy Global Glass operations serving the northern regions of the UK. We look forward to servicing a new customer base and offering them the full range of products within Synseal’s portfolio. Our acquisition of Systems Glass is part of our strategic expansion plan to drive continued growth for Global Glass, including our exclusive high performance brand Celsius glass. We continue to search for quality glass assets in the south of England and would welcome approaches from anyone with suitable businesses or manufacturing sites capable of being developed.”

600450 Synseal Acquires Systems Glass
Date: 15 July 2014

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