Quanex acquires HL Plastics, Wegoma and Vintage Windows – Hartshorn to remain at the helm
16th June 2015

Texas-based Quanex Building Products Corporation, best knows in the UK as owner of Edgetech, has announced the acquisition of Flamstead Holdings Ltd, including HL Plastics, Wegoma Machinery Sales and Vintage Windows.

The joint announcement came today from the two CEOs Roger Hartshorn and Bill Griffiths. The statement continues: “Quanex, a North American industry-leading supplier of cutting edge energy-efficient window and door systems and components with $600+ million in sales listed on the New York Stock Exchange, only acquires strong business partners that have a deep commitment to customers, are eager for growth and are considered technological leaders in the fenestration and related industries.

Hartshorn said of the move: “I am excited about our future with Quanex as I believe the combination of our outstanding companies will help to drive us even further forward and accelerate growth secured by a strong, financially sound industrial organisation. “By remaining financially involved and continuing as Group CEO for a minimum of five years, I am ensuring it will be ‘business as usual’ for staff and customers alike. My commitment has always been to launch new and exciting products for the benefit of our customers, and to generate employment opportunities to stimulate the economy – and with Quanex resources behind us, we will unlock the potential to achieve even greater success.”

Quanex Chairman, President and CEO Bill Griffiths was on site at Flamstead’s headquarters in Derbyshire to help announce the news to staff at the three companies and answer any questions. He added: “The businesses Roger and his team have built are a great fit with the Quanex philosophy and we’re delighted we’ve been able to agree a deal that includes his continued involvement for the long term future. We plan to work with Roger and his team to take the Liniar and Wegoma ranges to the next level through innovation and collaboration.”

Tarpey Harris Ltd and Flamstead Investments Ltd, the remaining companies in the Flamstead Group owned by Hartshorn, will see no change, with Roger reaffirming his commitment to the business and retaining overall ownership.

Edgetech MD Andy Jones told The Glazine the acquisition was good news for all sides:

“It’s an excellent acquisition for Quanex and a good deal all round for HL’s and Edgetech’s customers.

“HL is an exceptional company with exceptional brands and fits very well into the Quanex family. This is a very exciting time for all of us.

Picture: Brent Korb, left, and Bill Griffiths, right, of Quanex with Roger Hartshorn

www.quanex.com