Clearview National September 2017 - Issue 190 - Page 6

PROUD SPONSOR OF INDUSTRY NEWS INDUSTRYNEWS Synseal Group completes refinancing for next stage of growth » » FOLLOWING THE RECENT acquisition of Village Glass, the Synseal Group has now completed a refinancing with the support of its current investors and funders, HIG and Proventus, who have provided substantial further funds to continue their support for the growth and integration of the group. The refinancing has resulted in a significant strengthening of the group’s balance sheet and ensures that Synseal is positioned to solidify its market leading positions in PVC-U profile and conservatory roofs, and to take advantage of its strategic growth areas of glass, entrance doors and aluminium window and door products. Synseal Group has developed from a £70m turnover extrusion business prior to its management buyout in 2010, to a £160m turnover multi-material supplier to the fenestration industry, with market-leading window, door and conservatory systems. HIG Capital is a leading global private equity and alternative assets investment form with more than €20 billion of equity capital under management. Proventus Capital Partners is an active credit investor and loan provider to companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Bluesky Certification adds Fire Door Notified Body status » » BLUESKY CERTIFICATION, THE FIRE, security and acoustics certification experts, adds Notified Body status for product certification for panic exit doorsets and fire resistant doorsets. The latest addition means Bluesky can offer CE Marking certification for products that need the involvement of a Notified Body. “The number of bodies certifying these products is very limited in the UK and we could see that there was a requirement to give companies an alternative,” says Bluesky Certification’s Managing Director Simon Beer. “There are many occasions when it’s a better option to use a Notified Body. For example, a company looking to achieve Secured By Design for windows and doors is likely to need the additional service if they’re manufacturing entrance doorsets in a block of flats that have a requirement for both PAS 24 and fire resistance. “Customers will get the benefits of this new certification immediately and while CE Marking isn’t a legal requirement for fire doors now, 6 » SEP 2017 » CL EARVI E W- U K . C O M third party certification is recommended in the Building Regulations. CE Marking for fire doors offers an excellent standard for companies and when it comes into UK law, they will be ahead of their competitors.” “However, CE Marking is a legal requirement for panic doors which means companies must have certification from a Notified Body. Without this, fabricators can’t legally manufacture panic exit doorsets. We find that often manufacturers in the SBD scheme also need panic doors, so it makes sense to offer a complete service from once certification house. “We like to think about certification in a rounded way rather than just a box-ticking exercise, that’s why we look at how businesses can gain commercial advantage from it. “Acceptance from the European Commission is the last stage in a lengthy process to become a Notified Body and it’s a brilliant achievement for Bluesky Certification.”