Modular Group Investments has completed the acquisition of Euramax Solutions Limited, a manufacturer of fenestration products to the construction, modular and leisure markets.
Michael Garratt, the founder and CEO of MGI said, “We invest in a range of sub-sectors across the MMC markets including component manufacturing and supply chain operators. MGI’s involvement with Euramax will allow it to expand and develop the product portfolio to better serve our customer needs. We are delighted to be working with the Euramax team, which will remain unchanged, and look forward to an exciting period of development together”.
Chris Butters, MGI Chairman stated “as a British company we are strategically focussed on UK construction markets and specifically on the changing needs required by the expansion of the MMC sector. We look forward to working with our various stakeholders and our new colleagues in the large Barnsley facility. We are highly committed to quality, reliability and innovation which are attitudes already embedded in the ethos at Euramax so we are enthusiastic about future opportunities, despite the present Covid challenges”.
Nick Cowley, Managing Director of Euramax said, “Today’s announcement commences an exciting new chapter for Euramax. Together with MGI, we look forward to continuing our growth plans, developing new products and building strong partnerships with our customers”.
The acquisition was supported by Hempsons providing legal advice, financing guidance by TML Finance and Advisory, Arc Pensions Law for specialist legal pensions advice and TC Group for tax and accounting advice.
About Modular Group Investments:
Modular Group Investments Limited is an active and innovative investment group with a goal to make positive changes and progress within UK Modular Manufacturing and SME businesses in synergistic markets.
We invest in a range of sub-sectors across the construction and manufacturing markets including:-
Manufacturing of componentry & materials for the construction sector.
Wholesale supply of componentry & materials for the construction sector.
Warehousing, Storage & Distribution.
Supply chain operators in both the manufacturing & construction sector.
Our team benefits from over 140 years of combined experience across all professions including M&A transactions, buyouts, operational, legal, accounting and strategic business management.
Euramax is a UK leading supplier of PVCu windows and PVCu and composite doors.
Established in 1950, Euramax has grown from a small, local supplier, to a trusted, national manufacturer of innovative products that meet customer needs.
Euramax operates from a 205,000sq ft., state-of-the-art manufacturing facility, which hosts over 160 employees and manufactures over 3,300 products per week.
The facility is capable of producing a finished window or door every two and a half minutes.
We supply to a number of industry sectors including the off-site and modular construction, DIY and home improvement, new build and holiday home and leisure markets.
As members of the Made In Britain and Modular Portable Building Association (MPBA), as well as being BSI approved and ISO9001 and ISO4001 certified, standards are important to us, as we know it means you can benchmark us against other suppliers.
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