Synseal announces MBO

Synseal’s management team finally signed the deal that secured their ownership of Synseal late on February 23. They have purchased the share capital of Synseal Extrusions Ltd and Allerford Holdings Ltd from Gary Dutton MBE for an undisclosed sum.

The successful culmination of several months of negotiation was concluded with the partnership of HIG Capital, a global private equity business.

David Leng, chief executive said: “We are very excited to be driving Synseal through its next period of growth. We can see some great opportunities for ourselves and our customers in a fragmented window and conservatory market. We have a very strong manufacturing and logistics base that delivers first class product on time, every time, and we aim to make that really count for our customers.

“Synseal has historically grown by offering the right product at the right price and we will be developing those values in the future.

“Our customers can expect to see an increase in pace of product development and more help with marketing and new markets.”

Paul Canning managing director of HIG said: “We are delighted to be supporting David and his team in working to consolidate the window and roof extrusion industry. Synseal is a great business and will do very well in a tough market place.”

Picture: Synseal’s management team.