UAP appear to be in an active expansion phase, with the announcement of their acquisition of Intelligent Hardware. This was the press release they issued:

We are extremely pleased to announce that we have acquired Yorkshire-based internal door hardware company, Intelligent Hardware. This is an important addition to the UAP portfolio as we continue to expand our solutions capability to become the UK’s foremost supplier of hardware.

The acquisition adds an enviable range of hardware for internal doors, including Round Rose handles to our product offering. This creates undeniable cross-selling opportunities between UAP and Intelligent Hardware, benefiting all our customers, from door manufacturers and fabricators to specifiers.

Acquisition is a key part of the UAP strategy, supported by significant private equity funding from Maven Capital Partners, following the management buyout of UAP Limited in September 2018.

David Jennings, CEO of UAP Limited says: “My decision last year was done to not only protect the future of my family but also protect and grow the interests of UAP, and a significant part of that is the support to acquire new businesses.  Given the delicate state of the market we are prepared for speculative opportunities that may arise.

“Intelligent Hardware is a valuable addition as they have a fantastic brand and reputation.”

This purchase marks the start of a series of planned acquisitions with a second and third already under negotiation.

We are actively encouraging any company that is finding the market difficult to approach us and consider joining the UAP group of companies.

Read the original article here

Rigorous growth strategy

We have known for a while that UAP are on the M&A path, ever since their 2018 buyout. But its the last line of that press release which stands out for me:

We are actively encouraging any company that is finding the market difficult to approach us and consider joining the UAP group of companies.

I cannot remember in the past seeing such a bold statement addressed to the industry like this. Its an open invitation to other companies who are thinking of offering to be bought to come and knock on their door. Bold, unapologising and upfront. Not much of that about these days, so refreshing to see a company be so open about its strategy.

One to watch as UAP seeks to grow its size and market share.

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