“The Epwin Group and Latium have merged with immediate effect to create Epwin Holdings, a 275million turnover building products group.”
To be honest, I’m a little bit gutted I didn’t know anything about this! But I’ll get over it!
My immediate reaction was one of surprise. But then again, we all expected further consolidation of the double glazing market, and this announcement goes to prove what many people were thinking.
The name ‘Epwin Holdings’ interests me. In the tweet it says there was a merger, but the retention of the Epwin name makes me wonder if Epwin Group actually bought out Latium. And if there was a buy-out, my next question would be about potential job losses. Will there be any? If so, how many? When would the axe fall?
How much of Latium is likely to be retained? Would Latium be swallowed up by Epwin? Will their products disappear over time? Will Epwin take on some of Latiums best products and improve and focus on them?
These are just my initial thoughts and questions on the matter. Once more details are flooded into Twitter and the online magazines, I’ll be able to make a better judgement on this announcement.
UPDATE: here is the press release from the Ewpin Group:
The Epwin Group and Latium have merged with immediate effect