Tyne & Wear based commercial window/door manufacturer Crown Architectural Systems, formerly Crown Doors and Shutters, has been acquired by the Edison Group construction, property and investment business in a move which the buyer says is the first of three acquisitions planned to be completed in the next two months.
Edison Group chief executive Calum Melville said: “Crown Architectural Systems is a specialist supplier to Tier 1 construction customers of windows, doors, curtain walling, fire shutters, roller shutters and security grilles, and represents a highly complementary addition to our existing portfolio of expert specialist supplier businesses.
“It has contracted revenue for 2023 of £6m and it is our aim to have this increase to £10m in the year to December 2024. There are currently 29 employees in the business and we anticipate that we will create 14 new jobs this year.
“This acquisition represents our most important move to date into the construction industry market in the north of England and we plan to develop Crown ASL, as a UK-wide operator as we win yet more business in the wider UK construction sector.
“I lead an ambitious business and this acquisition is just the latest manifestation of our determination to continue to grow rapidly. Edison Group in currently in legal stages with two further acquisitions which we anticipate will complete in April and May 2023 respectively.
“These will bring bringing consolidated sales on a rolling 12-months to £26 million.”
