Clearview National June 2015 - Issue 163 - Page 10

INDUSTRYNEWS Masco UK Window Group reaches Agreement to acquire Evolution Masco UK Window Group (UKWG), the UK’s largest PVCu window and door fabricator, has announced that it has agreed to acquire the assets and business of Evolution Manufacturing Ltd. The addition of the pioneering, Bedfordshire based, timber-alternative manufacturer will strengthen Masco UK Window Group’s position as an industry leader and supports its ambitious growth strategy. »»Evolution, founded in 2004, has quickly established itself as a pioneer in the manufacture and supply of timber- alternative windows and doors, and is widely recognised as a market leader for quality, service and product innovation. This pending acquisition represents a strategically complementary move by Masco UK Window Group. UKWG currently intends to maintain Evolution’s manufacturing headquarters in Bedfordshire and does not anticipate changes to the current organisational and sales structure. The acquisition will create a leading full service frame, glass and composite solutions provider for the UK market, by bringing together Masco UK Window Group’s manufacturing and marketing capabilities with Evolution’s innovative, nextgeneration product expertise. “The Evolution product is without doubt the best in our market today. Evolution delivers extremely high levels of service and embraces a customer centric culture in-line with our own; E RELEASE all of which is supported by an excellent management team,” explained Wayne Devine, Masco UK Window Group Chief Executive Officer. “This acquisition represents a key strategic addition to our product offerings and is a key component of our overall growth strategy.” Wayne continued, “Under the leadership of Managing Director Surgit Singh, Evolution has grown significantly, building an esteemed reputation within the industry. I am delighted that he will continue to drive the business and help to retain and develop the key values, exclusivity and quality that have become synonymous with the brand. With our shared focus on customer excellence M UK Window Gro (t) 0168 exciting opportunity for us. We will have the full support of the UKWG management team to grow and develop the innovative products and strong marketing programs necessary to continue to be successful in our industry. We will also benefit from Masco’s extensive resources and from our shared commitment to the profitable growth and success of our customers.” Terms of the acquisition were not disclosed. Completion of the acquisition is subject to compliance with certain corporate and regulatory requirements and is expected to be completed in the second quarter of 2015. Masco UK Window Group Announces that it has R Agreement to Acquire Evolution Manufacturi and product innovation, this partnership represents a hugely exciting proposition for the Group.” Discussing the pending acquisition, Surgit Singh explained, “This is an incredibly www.ukwg.co.uk ow Group (UKWG), the UK’s largest PVCu window and door fabricator, ha e the assets and business of Evolution Manufacturing Ltd. The addition o ternative manufacturer will strengthen Masco UK Window Group’s pos itious growth strategy. www.clearview-uk.com ded in 2004, has quickly established itself as a pioneer in the manuf ows and doors, and is widely recognised as a market leader for quality, s 10 » JUN 2015 » CL EARVI E W- UK . C O M