In a statement published today via its social channels and website, Window Ware has announced that it is under new ownership via a management buyout. Here is the statement that Window Ware provided:
Having been owned by Arran Isle Group (formerly Heywood Williams Group) for more than 20 years and then more recently by ASSA ABLOY following an acquisition which was completed in June this year, Window Ware is now celebrating its new status as a fully independent, standalone company with the existing Senior Leadership Team proudly stepping up as the new owners.
When ASSA ABLOY took the decision to divest Window Ware from its group, the Senior Leadership Team saw this as the perfect opportunity to invest in the company’s future and demonstrate their belief and commitment in the business they have come to know and love.
Between them, the new directors of Window Ware have racked up more than 50 years combined fenestration industry experience, so they know the business inside out. And under their careful guidance, Window Ware has grown to become one of the UK’s most trusted multi-brand providers of leading door and window hardware, tools, and consumables – well known for its excellent service and first-rate customer experience. It is a reputation that both ASSA ABLOY and the Window Ware Senior Leadership Team want to maintain.
SVP and Head of ASSA ABLOY UKI, Harry Warrender comments, “Sam and the team at Window Ware have built an impressive business. When acquiring the Arran Isle Group, our view and strategy in ASSA ABLOY was to divest Window Ware post completion. It was important to us that we found a good new owner for the business and indeed our colleagues that joined ASSA ABLOY in June. I am delighted with this result and would like to wish Sam, Richard, Sarah, and the wider team every success for the future.”
Window Ware Managing Director, Sam Nuckey agrees, “The directors and I have been successfully leading Window Ware since 2015. We are still passionate about the business and excited for what the future holds, and by becoming its new owners we are only affirming our full and continued commitment to the business. We are delighted our investors could see the same strong growth potential that we do.”
Sam maintains, “As director-owners, we gain independent control of Window Ware and are in the best possible position to maintain uninterrupted business continuity and stability for our customers, brand partners and employees alike. This will also ensure we retain the core values our customers know and trust, as well as remain agile and responsive to market needs.”
I wish Window Ware the very best of luck as the business heads in a new independent direction. They will become more agile and nimble in the face of new economic difficulties and will be able to adapt far quicker than they would have otherwise been able to.
Read the original statement here: https://windowware.co.uk/news/senior-leadership-team-invests-in-the-future-of-window-ware
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