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Construction News
15/07/2016
Clayton Glass Completes Romag Acquisition
North East manufacturer Clayton Glass has completed the acquisition of specialist glass producer Romag.
The purchase brings each company under the same ownership, however both will continue to operate as separate businesses in County Durham.
In addition, the deal will allow for further opportunities for future collaboration on specialist glass products and technologies.
Ryan Green, Managing Director of Clayton Glass, said: "We are delighted to have completed the purchase of Romag and look forward to helping both businesses grow and flourish in the years ahead.
"Although there are many synergies between the two companies in terms of location, history and core glass manufacturing activities, they specialise in very different areas of the glass industry.
"As a result, with both businesses having market leading reputations in their respective sectors, we will continue to operate each company completely independently so that both can focus entirely on continuing to grow their specialist market share.
"However, the new arrangement also means that where there are opportunities to work more closely on specific future projects, then naturally we will do so."
(LM/CD)
The purchase brings each company under the same ownership, however both will continue to operate as separate businesses in County Durham.
In addition, the deal will allow for further opportunities for future collaboration on specialist glass products and technologies.
Ryan Green, Managing Director of Clayton Glass, said: "We are delighted to have completed the purchase of Romag and look forward to helping both businesses grow and flourish in the years ahead.
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"Although there are many synergies between the two companies in terms of location, history and core glass manufacturing activities, they specialise in very different areas of the glass industry.
"As a result, with both businesses having market leading reputations in their respective sectors, we will continue to operate each company completely independently so that both can focus entirely on continuing to grow their specialist market share.
"However, the new arrangement also means that where there are opportunities to work more closely on specific future projects, then naturally we will do so."
(LM/CD)
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