Monday, 25 July 2011
Laidlaw Solutions acquires SIG Interiors Manufacturing
Willenhall based Laidlaw Solutions Ltd, backed by leading private equity group Rutland Partners, has acquired SIG PLC’s Interiors Manufacturing Division (SIGIM) in a deal which gives the combined companies a turnover of around £130 million. The new company will be called ‘Laidlaw Interiors Group’ and brings together Laidlaw’s market leading brands with those of door manufacturer Leaderflush Shapland and office and glazed partition manufacturer Komfort Workspace. Other SIGIM companies included in the acquisition include Cubicle Systems washrooms and Tufwell Glass and Blinds (formerly SIG Glazing Services). John Jefferies, the owner of Laidlaw, will be the new Group CEO.
Laidlaw Interiors Group will become the UK’s leading supplier to the commercial interiors sector with a market leading position in doorsets, ironmongery and partition systems. Rutland and Laidlaw intend to restructure and invest in the acquired businesses to turn around their performance and to build on the strength of the combined brands. Opportunities for product supply between group companies have already been identified.
Commenting on the deal, John Jefferies said:
I am delighted to have Rutland as an investment partner to work with my team in developing the Laidlaw Interiors Group to become a major force in the UK commercial interiors market. Our combined strengths, supported by our network of sales centres, will greatly increase our value to specifiers.