If you keep up with such things, you will know that there has been a run of bankruptcies within the fenestration and wider construction sector which has underlined the fragility in the marketplace right now. I want to go through some of the notable ones and explore what it might mean for the fenestration [...]
In what is the first acquisition of the newly formed 1st FSD Group, it has been announced that they have taken over long-established window, door, and joinery business Norscot for an undisclosed sum. Norscot acquired The news was announced on the Norscot Windows And Doors website: Highland based Norscot Joinery, renowned manufacturer of windows, [...]
The latest Builders Merchant Building Index (BMBI) report shows builders’ merchants’ value sales down by -9.0% in April compared to the same month in 2022. Volume fell -20.2% with price inflation of +14.0%. Taking trading day differences into account, like-for-like sales were -4.0% lower as April 2023 had one less trading day than the [...]
In a follow up from last week's news surrounding the discontinuation of Duraflex, DGB has seen the following communication: UK Windows and Doors Group (UKWDG) and VEKA plc are pleased to announce the expansion of their already successful partnership. Lancashire-based VEKA plc, which already supplies UKWDG with the exclusive Evolution profile, will supply all [...]
DGB has been provided with the following statement regarding the future of Duraflex extrusions in Tewkesbury, Gloucestershire. UK Windows and Doors Group - Duraflex Tewkesbury UK Windows and Doors Group, a market leading manufacturer of uPVC window and door systems has announced that it intends to consult with employees on the proposed closure of [...]
Sheffield-based Tuffnell, whose brand "The Big Green Parcel Machine" will be familiar to many, has called into administration today. Sadly, thousands have already been made redundant, with only 128 staff remaining as the company goes through the administration process. Although the company is known for its parcel delivery service, it did also service other [...]
Alan Lovell, Chairman of Safestyle UK plc, the leading UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, will make the following statement at today's Annual General Meeting: Our trading has remained in line with recently revised expectations outlined in our Final Results in March. We have maintained the [...]
There is no doubt that trading conditions during 2023 are not what they were during the last few years. After being buffeted by intense levels of demand during the pandemic years, inflation and the cost of living crisis have dampened down that high spending behaviour that our industry benefitted from. We are not immune [...]
The fenestration sector finally has a chance to communicate with the Government on one of the most pressing issues we have argued for years: VAT relief. Following on from the Windsor Framework, the Government is now looking to consult on what the public and business think should be included for VAT relief as part [...]
London-based investment firm RDCP Group has made a major investment and acquired 98% of Somerset-based window, door, and conservatory manufacturer Majestic Group. After a record year, celebrating circa £8m in turnover and £2m in operating profits, boasting a 25% profit margin, Majestic is now targeting significant growth in the years ahead. Majestic Group consists of the [...]
In true industry style, the picture of the true state of the market is deliberately murky. If you were to read just the PR, you'd think we'd barely changed from the heady days of 2020 and 2021. In private, however, the conversations are rather different and point to areas of the sector that could [...]
The latest move represents a major foray into the English market and adds significantly to the fast-growing Edison group skills portfolio. Edison Group, the fast-growing Ayrshire-headquartered construction, property and investment business, has acquired Crown Architectural Systems, a north-east of England-based company which operates from a 6500 sq. ft facility in Washington, in the City of [...]
Modular Group Investments Ltd (MGI) is delighted to announce the acquisition of Oakland Glass Ltd. This is a key strategic addition to the Group, which adds significant capacity and capability in insulated double-glazed unit production, and provides established routes to market for Oakland Glass through MGI’s existing and future channels. Oakland Glass was established [...]
Earnings season in the fenestration sector continues, with some of the largest publicly traded companies in the industry continuing to report on 2022 performance. Today it is the turn of Safestyle UK. Although they report a solid year, there are hints in the statement below that there are more challenging times ahead for the [...]
As earnings season begins, Eurocell has reported a 12% jump in sales for 2022 compared to 2021. This is the statement in full that they provided to the markets: Eurocell plc, the market-leading, vertically integrated UK manufacturer, recycler and distributor of innovative window, door and roofline PVC products, provides the following update the for [...]
Dear Jason, I read your recent article regarding global freight prices with interest last week, and whilst I would not normally respond to an opinion piece of this kind, I do believe that this deserves a warranted answer from the perspective of a components manufacturer at the top end of the supply chain. As [...]
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