Solidor Group has received a significant investment from DW3 Product Group, which has just been set up with the financial backing of private equity firm NorthEdge Capital, to form a new and dynamic group of businesses that’s set to change our perception of the fenestration industry in the UK.
This strategic investment for a significant shareholding in composite door pioneer, Solidor Group, will allow the business to accelerate its growth plan, expand its senior management team and to continue investing in operations, capacity and IT. It will also provide a firm platform, support and commercial resources for a buy and build strategy to create a truly innovative group.
Over the last five years Solidor has matured into the fastest growing company in the composite door sector as it challenges for market leadership. With the industry’s best and award-winning marketing campaigns, they have continued to demonstrate an aggressive product development programme for their solid hardwood core doors that’s spurned a number of industry firsts, a colour range that extends to 17 finishes inside and out and a range of exclusive hardware options, not to mention a number of awards and accolades.
DW3 Product Group is being headed up by CEO Gareth Mobley, also the current managing director of Solidor Group and supporting him is an experienced board of commercially minded directors. They include the incoming chairman Stuart Lees, who has considerable expertise in corporate finance, growth and acquisition strategies both inside and outside the industry with Epwin Group, Everest and Ultraframe.
This dynamic new group will be making further investments in the coming months, which they believe will help them realise their ambition to become one of the most successful and exciting company groups in the home improvement sector. In the coming months DW3 Product Group already have firm plans for acquisitions of businesses with similar qualities to Solidor, which will help re-define the structure of the glazing industry.
Gareth Mobley, CEO of DW3 Product Group commented: ‘This is great news for everybody at Solidor and for our industry as a whole, that external investors can now see real opportunity in our sector once again. This will allow us to accelerate our growth plan at Solidor and we've got big ambitions for the future and a number of further product developments to launch.
He continues: ‘I will still remain actively involved in Solidor, though we will be supplementing the business with a number of key appointments in the immediate future, while our established management team continue to run the business on a day to day basis.’