Press Glass have announced that they have secured new £227m bank financing (PLN1.2bn) in order to refinance debt, as well as build two new production plants, one in Lithuania and the other here in the UK. Press Glass statement This is their press release: On June 9, 2021, the Press Glass Group obtained bank [...]
For a while, the UK fenestration sector has talked about the need to produce more here and rely less on imports. There is a genuine argument for this. This is highlighted by the current supply problems and you have to wonder if we did make more fenestration products here in the UK then would [...]
Demand in the home improvement sector is very high right now. Perhaps at record highs for some companies. Since the start of this huge bounce-back, which originated in mid-May of 2020, the debate has since been about predicting when things might end. The answer might be a lot longer than we thought. High home [...]
It has long been known that the fenestration sector is going through an acute skills and youth shortage that remains one of the biggest problems the sector has to tackle. At this present time, with demand at extraordinary levels and continuing to grow, that skills gap has become ever more pressing, with installers and [...]
In response to the story published last week about ASSA ABLOY losing their trademark case, the company has provided a statement: As the global leader in access solutions, ASSA ABLOY both create and embrace new technology, none more so than in the Smart security market where the organisation has successfully sold products since 2012 [...]
European Union trademark application No 18 086 744 is rejected in its entirety. This is a Letter to the Editor guest article by Giovanni Laporta: Dear Jason I’m getting in touch for a couple of reasons. One, so that you can share the news that Yale has lost an ongoing trademark dispute with Smart [...]
Safestyle UK has just had their AGM and has provided a trading update in what continues to be an extraordinary year for the UK fenestration sector as a whole. Safestyle UK statement: 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 [...]
You may have seen this morning that the UK's monthly inflation figures more than doubled from 0.7% to 1.5% in April. For a while I have been warning about the threat of rising inflation and that before long Government figures would start to reflect the rise in prices we have all been seeing for [...]
This is an open letter from Sternfenster MD Mike Parczuk about the state of supply chains and price increases: I speak to our installers every day. ‘Exhausted’, ‘stretched’, ‘frazzled’, probably describe how they feel best. We’re in a boom but that’s come with a unique set of challenges, so to be talking now about [...]
This is a statement from First Degree Systems: Compusoft Group, a leading global visual CPQ provider, today announced an agreement to acquire First Degree Systems (FDS). The acquisition of First Degree Systems, the leading UK provider of software solutions for the window and door industry, will add to the previous acquisition of Soft Tech [...]
Modular Group Investments (MGI), the company that has recently acquired Euramax, has now acquired South Yorkshire based fabricator Rapid PVCU systems. This was the statement the company released: Modular Group Investments Limited (MGI), a fast-growing group of businesses in the UK offsite and modular manufacturing sectors, has completed the next stage of its acquisition [...]
Following the personal announcement from David Leng via his Linkedin account, there has been a statement released by Customade Group via their website. It reads as follows: After leading Customade through a successful refinancing process during the 2020 lockdown and restarting the new group David leng has announced he is stepping down as Group [...]
In recent weeks major car manufacturers such as well Volvo and Ford have both declared that their entire range of cars will be all-electric by 2030. It comes as industries across the world are making moves to reduce or eradicate completely their carbon footprint. Other car manufacturers are expected to follow suit soon. In [...]
Greensill. Ever heard of it? Until the last few days its likely you haven't, neither had I. Until the back end of last week when it became clear that the Australian headquartered investment bank that has over $140bn on its books was in serious trouble and went into administration today. How could that affect [...]
As we progress through this pandemic and we begin to look at life after restrictions are lifted, we are beginning to understand the toll the crisis has taken on our sector and companies in connecting sectors through their 2020 full-year results. Last week I reported on the Taylor Wimpey figures, which you can read [...]
Brisant-Secure announced today that it has secured an investment from BGF, UK’s most active growth capital investor. The investment will secure Brisant’s ambitious long-term growth plans, and enable the company to develop further innovations and opportunities. Brisant partners, Nick Dutton and Steve Stewart, remain majority shareholders and Seb Saywood, a BGF Investor, joins them [...]
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