A supplier of foiling providers to the fenestration and constructing supplies markets – which was based by a Scotland rugby nice – has been acquired.
Profoil works with firms throughout the UK and Republic of Eire, and can now develop into a part of the Q19 Group.
The corporate – based in 1996 by Colin Deans MBE, who is taken into account an all-time nice of Scottish rugby – joins fellow trade manufacturers Window Widgets and Residence Assortment, which between them operates from manufacturing services in Gloucester and Kettering.
The Q19 Group will now implement an funding programme to help additional progress throughout all its companies, with “daring ambitions for the longer term route” of the operation.
The deal was put collectively by the Q19 director group with recommendation from Cattaneo Company Finance and Authorized Readability, in addition to monetary help from Shawbrook Financial institution.
The administration of Profoil was suggested by Kingswood Enterprise Gross sales, a division of Richmond Capital Companions.
Sarah Hitchings, gross sales and advertising and marketing director of Q19 Group, stated: “I, together with the opposite administrators of the enterprise, are happy to announce the strategic acquisition of Profoil, a key provider to Window Widgets.
“We now have a chance to proceed investing and realising the appreciable potential of Profoil inside our group.”
Charles Cattaneo added: “Having suggested the Window Widgets group on the administration buy-out of the enterprise in 2019, we’re delighted to have suggested them on the acquisition which inserts properly with the prevailing operations and offers new progress avenues for the group.”