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Building Trade Associations and Institutes
News Release from: Scottish Building Federation
Edited by the Buildingtalk Editorial
Team on 29 June 2006
Mears Group Plc acquire Laidlaw Scott
Limited
Mears Group, the UK's leading social housing maintenance and repair contractor, announce, that Laidlaw Scott Limited, a member of trade federation Scottish Building, has joined the Mears Group.
Mears Group PLC, the UK's leading social housing maintenance and repair contractor, with a turnover of over £200 Million, is pleased to announce, that Laidlaw Scott Limited, a member of trade federation Scottish Building, has joined the Mears Group The company which operates almost exclusively as a social housing repairs and maintenance provider, is based in Glasgow with regional offices throughout the country
This article was originally published on Buildingtalk on 21 Aug 2008 at 8.00am (UK)
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It will provide a vehicle for the expansion of Mears' social housing maintenance and repair opportunities throughout Scotland.
Established in 1992, the Laidlaw Scott Limited currently has a £7 Million turnover and employs around 140 staff.
The company was purchased on the basis of its business success and the close alignment of both groups company values, such as a commitment to training and employment opportunities and the development of innovations within both our processes and the supply chain.
This will allow the company to be easily incorporated within the Mears structure.
This approach will bring benefits to both Clients and Tenants in Scotland.
It is a favourable addition to the Group and will play an integral part in building Mears' presence throughout the country.
Mears Group CEO, Stuart Black who originates from Glasgow said: "I am delighted that we have found such a good business to spearhead our entry into the growing Scottish market".
"I am looking forward to the contribution Mears will make in not only delivering successful maintenance and repair solutions to social housing customers, but also generating employment opportunities for local people, which is part of our company values and culture".
Robert Menzies, Laidlaw Scott's Managing Director has commented "This buy out is an extremely exciting prospect for both the Mears Group and Laidlaw Scott".
"Laidlaw Scott provide a vehicle to enter into the Scottish Social Housing Market for Mears, whilst we benefit from the financial backing and additional resources available from the Mears group, which will has the potential to allow us to rapidly grow into the countries market leader within this sector".
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