business

Interserve Fall Into Administration

Remember Carillion? Another huge Government contractor has gone into administration. This time round however there will be less disruption as the company has already been purchased by it's lenders in what is known as a pre-pack administration. Here are the details. Holding statement If you go to the Interserve website you get this holding [...]

By |2019-03-17T23:42:22+00:00March 17th, 2019|Categories: business, double glazing industry|

Leads2Trade Acquires CloudGlaze

There has been more than one big industry acquisition just recently, but one that might have slipped under the radar for a few of us happened in the digital space of our sector. On February 25th it was announced that Leads2Trade has acquired CloudGlaze. The statement This was the announcement published on the Leads2Trade [...]

By |2019-03-07T23:39:53+00:00March 7th, 2019|Categories: business, double glazing industry|

Synseal Group Acquired By Aperture Trading Ltd

BREAKING INDUSTRY NEWS: Aperture Trading Ltd announces it has successfully completed an agreement to purchase the majority of Synseal Group’s trade and assets from administration for an undisclosed sum. The acquisition will safeguard more than 1000 jobs, secure supply to 1200 customers and allow the business to focus time and investment on areas which [...]

By |2019-03-05T15:46:26+00:00March 5th, 2019|Categories: business, double glazing industry|

The Safestyle Share Price Rally Is Fading

The rally in the share price of Safestyle is losing steam. After hovering near the 100p per share mark near the end of 2018, it looked as though those who ditched shares and sent them falling to the 30p mark had overdone it. After the SafeGlaze news was digested we saw a sustained drive [...]

By |2019-02-26T23:04:35+00:00February 26th, 2019|Categories: business, double glazing industry|

Sentry Doors Partners With Cairngorm Capital To Accelerate Growth Strategy

We have acquisition news, and this time in the fire-doors part of the market which has been under intense scrutiny in recent months. Cairngorm Capital 2, part of the same stable as Cairngorm Capital, has acquired Sentry Doors who are based in Doncaster. The press release: Here is the statement issued by the company: [...]

By |2019-02-25T13:03:46+00:00February 25th, 2019|Categories: business, double glazing industry|

How Long Should You Wait To Get Paid?

When Carillion went bust in January of last year the shock waves were felt throughout all sectors of construction. This was a company that employed 43,000 people, had turnover of more than £5bn a year and had a stock market capitalisation of £1bn. They had all sorts of Government contracts , HS2, Crossrail, schools, [...]

By |2019-02-20T20:22:48+00:00February 20th, 2019|Categories: business, double glazing industry|

BREAKING: Glaston Corporation To Acquire Bystronic Glass

Helsinki (Finland) / Neuhausen-Hamberg (Germany), January 25th, 2019 Glaston Corporation has signed an agreement to acquire the Bystronic glass Group. The globally operating high-end machinery, systems and services provider for the processing of flat glass is currently owned by Swiss industrial holding company Conzzeta AG. Bystronic glass has a comprehensive range of products, highly [...]

By |2019-01-25T09:56:51+00:00January 25th, 2019|Categories: business, Businesses bought, double glazing industry|

Panoramic Group Acquire Epwin Glass

It has been reported in recent days that Epwin Glass has been acquired by Panoramic Group for an undisclosed sum. This is the first major acquisition of 2019, and although we face a rocky few months, I would not rule out further mergers and deals in the coming months. The UK fenestration sector is [...]

By |2019-01-17T23:46:12+00:00January 17th, 2019|Categories: business, double glazing industry|

SafeGlaze Creditors Owed & Ex-Safestyle Co-Founder Loses Court Battle

SafeGlaze UK and Safestyle UK were companies that dominated the industry news in a big way in 2018. The former now doesn't exist, but that still doesn't stop the business from making news. Last week we had news stemming from both companies breaking on the local paper the Telegraph & Argus. Here's the key [...]

By |2019-01-14T22:51:10+00:00January 14th, 2019|Categories: business, double glazing industry|

Acquisition: Premier Conservatory Supplies Acquires Scottish Manufacturing Plant

This article contains a circulated press release from Premier Conservatory Supplies Just when you thought we were headed for a sleepy end to the year, we get the news of another industry acquisition. This one should be the last one of the year. It is only a week to Christmas! The statement Here is [...]

By |2018-12-17T23:03:27+00:00December 17th, 2018|Categories: business, Businesses bought, double glazing industry|

Safestyle Issues First Trading Update After Their Commercial Agreement

Safestyle UK have issued their first trading update since their October Commercial Agreement with Safeglaze. This is the first test for the company as they seek to recover lost ground this year. The update Here is the text of the update as published on their PLC website: Safestyle UK plc, the leading retailer and manufacturer of [...]

By |2018-12-17T12:33:47+00:00December 17th, 2018|Categories: business, double glazing industry|

Raw Aluminium Prices Fall Away, Should Fenestration Sector Prices Fall Too?

Remember earlier on in the year when there was a fair old panic about aluminium? Specifically about supply and price and how it could affect our industry? Well that never fully materialised did it. A mix of US sanctions and supply problems in other countries all contributed to the crisis. It caused the price [...]

By |2018-11-25T23:30:38+00:00November 25th, 2018|Categories: business, double glazing industry|

Safestyle Shares Fall Dramatically Away

Safestyle shares have been having a bit of a honeymoon period in the last couple of weeks. A threat has been removed from the marketplace. The type that could cause serious damage or worse. That honeymoon period seems to have come abruptly to an end. A quick retreat Take a look at this chart: [...]

By |2018-11-21T11:20:55+00:00November 21st, 2018|Categories: business, double glazing industry|

Armstrong Watson Secures Sale Of SafeGlaze UK Order Book To Warmseal

Finally, some long awaited good news for customers associated with SafeGlaze who have work that it yet to commence: This is a press release issued by Armstrong Watson and Warmseal Further to the appointment of Robert Adamson, Mike Kienlen and Mark Ranson as Joint Administrators of Niamac Developments Limited (formerly trading as SafeGlaze UK) on [...]

By |2018-11-12T17:08:07+00:00November 12th, 2018|Categories: business, double glazing industry|

SafeGlaze Enters Administration

It has been announced that NIAMAC DEVELOPMENTS LTD, trading as SafeGlaze UK, has gone into administration with the loss of 130 jobs. This comes after the news that they had struck a commercial deal with rivals Safestyle UK to end their dispute, which also saw previous owner Mitu Misra rejoin the company to aid [...]

By |2018-10-31T16:08:10+00:00October 30th, 2018|Categories: business, double glazing industry|

Safestyle Share Price Rises A Staggering Near 70%

I know there has been a lot of Safestyle news on DGB in the past few weeks, and for good reason. But since the commercial deal struck with the owner of SafeGlaze announced on Monday, the response to Safestyle from investors has been remarkable. Something we could not have predicted just a few short [...]

By |2018-10-25T22:01:12+00:00October 25th, 2018|Categories: business, double glazing industry|

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