This acquisition, which was prompted by the retirement of WB Group’s founder and chairman, Kevin Craggs, is Polyframe’s first acquisition since its management led buy-out in July this year.
Supported by specialist investment firm Cairngorm Capital Partners LLP, the acquisition facilitates opportunities for further innovation and growth, by increasing manufacturing capability, strengthening product development and expanding Polyframe’s product range.
WB Group’s managing director, Tony Craggs, will join Polyframe’s senior management team to run the expanded door division, which will provide a comprehensive range of composite and PVCu doors from the expanded Birtley facility, plus a specialist door service that will be based at Polyframe’s Mansfield facility.
Ian Macdougal, chief executive of Polyframe, said: "The outlook for our industry is strong and extremely positive, particularly in the composite door sector. Our goal is to make Polyframe best in class by offering the broadest range of high quality windows and doors in the market place. WB Group and its Virtuoso door range complete a gap in our offering, allowing us to make Polyframe the definitive trade fabricator of choice."
Kevin Craggs, founder of WB Group added: "The coming together of WB Group and Polyframe represents our mutual commitment to become the leading supplier of windows, composite and panel doors to the UK installer market and is a logical progression for the strong business that Tony and I have developed over many years. I am confident that WB Group is in good hands and wish the enlarged group every success going forward."
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