Progressing acquisitions
7th July 2020

CORNWALL GROUP says it is progressing three potential acquisitions following preliminary discussions earlier in lockdown.

Chairman Mark Mitchell said “We’ve received a number of approaches from companies looking to explore opportunities for disposal and those discussions have moved to what I would describe as a meaningful stage, with three.

“There is still a long way to go, none of the three are ‘fire sales’ and whether any of them will come to anything I don’t know - but I believe we are seen as a business which can be approached and can be trusted if you are looking to release assets.”

Cornwall Group was formed on 1st July last year [2019]. It includes Cornwall Glass Manufacturing and Cornwall Glass and Glazing; plus Mackenzie Glass, its merchanting business - acquired by Cornwall Glass in December 2017 from Pilkington/NSG.

It has a track record of acquisitions, which in addition to Mackenzie has included the purchase of Solaglas in 1998, adding Westcountry Glass, Exeter & Mackenzie Glass Centres, the M5 Glass Centre and Colston Glass Centre, amongst others.

www.cornwallglass.co.uk