Weekly Email News for the Glass, Glazing & Fenestration Industries

Glass business targets growth after takeover
31st March 2015

A 38-year-old family business, PETERLEE GLASS has signalled further growth after a multi-million pound takeover.

The company was acquired by Brownhills Investment in a deal supported by the Business Growth Fund (BGF) with a £2.9m finance package.

Managing Director, Graeme Hawes said the move was a natural fit for both companies: "As part of our business development strategy, we wanted a financial backer that could offer long-term, flexible support without taking control. Brownhills Investment was aware of us, and likewise we knew that they were actively expanding their portfolio.
“Now, as we move forward from the investment, we know it will be an exciting year for us, with ambitions to expand into new markets nationally and internationally and increase our workforce.

“Becoming part of the Brownhills Investment portfolio is massive opportunity for us. But the key thing is our customers won't see any difference in the day to say service they receive from us. It's business as usual and I remain Managing Director with the same team around me."

Peterlee Glass was founded in 1977 by the Hawes family and makes glass doors, screens, shop fronts and balustrades, carrying out projects for hospitals, airports and universities.

Last year, the company spent over £500,000 on new machinery as part of a drive to strengthen its industry position.
Graeme added: “Last year was a big year for us in terms of our growth and with this investment we can continue that on a bigger scale. We are now in a position to offer services that we previously couldn't, therefore opening new doors that might not have been available to us before.”

<< Click here to return to the main Glazine page


Should you wish to advertise on THE GL@ZINE
please contact Tony Higgin at tony@the-glazine.com
or telephone 01923 461527, mobile 07977-981753.

www.the-glazine.com


RATECARD AND EDITORIAL

View the Ratecard: Click here
Email us: theglazine@sky.com
Editorial should be sent to: theglazine@sky.com