We have fresh M&A activity in the fenestration sector once again as UK Doors Online announced that they had acquired Huddersfield-based Performance Glass in a share deal.
Both companies made the announcement via statements published on Linkedin.
Performance Glass
This is the announcement that was published by Performance Glass this week:
We have some news…
We are extremely pleased to announce that here at Performance Glass, we are now part of the UK Doors Online group of companies.
Thanks to all of our loyal customers, and the skilled team here at Performance Glass, we have been able to build an impeccable reputation over the 11 years we have been serving our customers.
This recent development will not only allow our team to continue to serve our customers with our renowned level of customer service and quality, but also strengthen our position within the industry and further develop to meet the growing demand for our specialist services here at Performance Glass.
The team will continue to work as an independent entity and we hope you will all share the excitement as we look towards a positive and bright future!
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UK Doors Online – Andrew Glover
This was also the statement put out by UKDO MD Andrew Glover:
We have some news!
I’m thrilled to announce that UK Doors Online has officially joined forces with Performance Glass Processing, acquiring majority shares to take our growth to the next level!
This strategic partnership represents a big step forward, as we combine our expertise and resources with the outstanding team at Performance Glass .
As a buyer of over sized units for the Aluminum Patio’s that we make, it wasn’t until we started working with PGP, some 18 months ago, that we realized there is a business out there that has got this covered, with site deliveries of all the units that are too big for us to handle.
I’m particularly excited to be working closely with Steven Wilson, Managing Director at Performance Glass, whose leadership has driven the company to achieve an impressive reputation in the industry.
Together, we’ll continue to build on Performance Glass’s legacy while also driving innovation and growth across both businesses. The future is bright, and I can’t wait to see what we’ll achieve together!
Onward and upward! 💥
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Although on the whole, the industry has had rather a tough year, with an especially quiet summer, what this particular deal demonstrates is that in select corners of our sector, there are still companies continuing to thrive to the point where acquisitions can still take place.
As the consolidation within the sector continues, I would expect to still see more M&A activity as companies in stronger positions look to take advantage of their own market positions.
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