Product category:
Windows - uPVC
News Release from: Eurocell Profiles
Edited by the Buildingtalk Editorial
Team on 14 April 2008
Eurocell acquires Plastmo Profiles
Northampton Profiles, a wholly owned subsidiary of Eurocell has announced the acquisition of the assets of Sprinter 1233, formerly Plastmo Profiles Limited.
Northampton Profiles is an extruder of door and window profiles and operates from the former Plastmo manufacturing base in Northampton, following the purchase of the forward interests of the Plastmo business, complete with plant and equipment In addition, the deal includes the purchase of the Plastmo order book, including a five-year supply agreement with the Safestyle Group
This article was originally published on Buildingtalk on 22 Jul 2008 at 8.00am (UK)
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Plastmo has been trading for over 40 years, but has recently experienced trading difficulties caused by the rises in raw material prices, combined with tough market conditions.
Northampton Profiles will continue to extrude the Plastmo product range to ensure customers receive continuity of supply.
Patrick Bateman, Chief Executive Officer of Eurocell, commented: "Our first priority is to ensure that existing Plastmo customers get the high level of service they expect and deserve." In the longer term, taking over the forward interests of Plastmo will ultimately mean that both companies can benefit from improved production efficiencies and economies of scale.
Patrick Bateman continued: "This is an exciting development for all concerned".
"The deal with Sprinter 1233 will secure Eurocell's position as the number one PVC-u profiles extruder in the UK, as well as complementing our existing product range".
"The culture of both companies is focused around providing customer service excellence and Eurocell has a proven track record of helping fabricator businesses to grow".
"Therefore we look forward to developing close working relationships with all the Plastmo customers over the coming days, weeks and years".
Eurocell is part of the Tessenderlo Group, which employs over 8,000 people on more than 100 sites in 21 countries worldwide.
Turnover last year for the group was GBP1.6bn, and with the combined Plastmo Profiles business takes Eurocell turnover to GBP140m. Request free introductory details about products from Eurocell Profiles ...
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