Wednesday 18 November 2015

Gliderol UK Snapped up by Yorkshire Based Investment Group



Panacea Investment Group has completed the acquisition of Gliderol UK a globally recognised brand in the garage door industry, from its Australian owners.


Gliderol Garage & Industrial Doors Ltd, is a leading manufacturer in the UK garage door market having been set up by its Australian parent company some 29 years ago. The acquisition includes the purchase of the company's purpose built 60,000 sq.ft. manufacturing facility based in Peterlee, county Durham.

The deal will see all 40 Gliderol staff and its management team remain with the business and Panacea has ambitious expansion plans for the company. 

Ben Lumbers, the majority shareholder in Gliderol UK, recently purchased Gliderol International PTY Ltd from the Australian stock market listed GWA Group and will now focus on the Australian business and so was looking to divest his UK interests. 

Gliderol UK Factory

Ben Lumbers CEO of Gliderol International PTY Ltd, said:
“I am delighted with the sale of Gliderol UK to Panacea, they have exciting plans for the business and will provide the leadership and development to enhance Gliderol’s position in the UK and European markets. Gliderol UK has entered into a strategic partnership with Gliderol International which will see it benefit from R&D, technical and product innovation ensuring it remains at the cutting edge of the garage door industry”.
Dan Summerfield, Director of Panacea, commented:
“We are delighted to have completed the acquisition and are motivated by the opportunity which exists to rapidly expand the business. The company has an excellent reputation for its product quality and, whilst it will be business as usual for customers, suppliers and other key stakeholders in the short term we will be working tirelessly with our partners to deliver innovation in the sector. Our focus and objectives will centre on our customers and ways in which we can improve our service and the products which we offer.”
Steve Roberts, Director of Panacea, added:
“We look forward to working with the company and expect to make further announcements over the coming weeks and months as we add to the management team”.

About Panacea Investment Group

Established in 2014, Panacea Investment Group is an entrepreneurial investment company which specialises in providing capital and strategic solutions to support and grow SME businesses. Panacea was founded by seasoned dealmakers Steve Roberts and Dan Summerfield. The business has offices in Leeds and Harrogate.


About Gliderol UK 

Established in 1986, Gliderol UK is a leading manufacturer of garage doors into the UK garage door industry, supplying, distributors, dealers, merchants, sme housebuilders and national house builders. The company operates from its facility in Peterlee and supplies product across the UK. 


www.gliderol.co.uk


Scroll down to read more articles like this which have been published recently

Why not Sign-up to Receive these Articles by Email each Day

Enter your email address:


Delivered by FeedBurner


* Read more current and archived articles on our dedicated website *

Low Cost and Free Publicity - Your company can easily benefit from some publicity like this in return for a contribution towards our layout costs (typically £30 plusVAT), payable via PayPal or credit card  or receive the service absolutely free of charge if you advertise (see below).

We post articles up to twice a day and never delete them - we only archive them each year so that they continue to remain visible to search engines.

To have your story published - just send us your news item, logo and image(s) and we will review the material, make any necessary changes to the wording / wordcount and then advise you when it will be published.

If you take display advertising or product and literature features in our printed and online publications, you will qualify for regular free postings on this blog while you continue to advertise with us.

For details on features and advertising rates please contact us or visit our website.

Door Industry Journal is a trading style of Avalon Innovations LLP Company Registration No. 06807833

No comments: