County Durham-based Clayton Glass Ltd has announced the acquisition of specialist glass manufacturer Romag Ltd for an undisclosed sum.
As a result of this acquisition by Clayton Glass, the new deal brings together two of the North East’s leading glass and glazing businesses under the same ownership. However, they will continue to operate as separate entities with their respective management teams, operating in completely distinct parts of the glass industry.
Romag produces specialist glass products and security glazing laminates, serving the building integrated PV, security, architectural and transport sectors. The company has annual sales of around £15 million and employs 150 people. Clayton Glass Group manufactures insulated glass units for the domestic sector and specialist glass for conservatories and is based in North Stanley with further manufacturing sites in South Shields and an investment in Northern Express Glass based in Fleetwood. This equates to a turnover of £27 million, employing 250 people.
Combined, the new Group will have a turnover in excess of £40 million, with over 400 employees, making it one of the largest independent glass companies in the UK. Though there are core synergies between both companies, including some glass finishing processes, each will continue to be run independently, though there will be opportunities for solar PV for the solid roof market through the market leading SMARTGLASS® brand.
Ryan Green, managing director of Clayton Glass commented: ‘The strategic acquisition of Romag is a great fit for Clayton, given the geographical location and glass sector in general. In time we hope to be able to co-work on projects, but for the immediate future our focus remains on building both businesses on the back of excellent product quality, innovation and exemplary levels of customer service.’
Earlier this year, Clayton Glass was included in the prominent third edition of London Stock Exchange’s 1000 Companies to Inspire Britain report and also won IGU Manufacturer of the Year 2015 in the National Fenestration Awards.