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20 OCTOBER 2021 AL CIRCLE

MGI acquires 35-year-old aluminium fenestration firm ‘Barton Windows’

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The expeditiously growing group, Modular Group Investments Limited (MGI) that emphasised acquiring businesses around the off-site manufacturing sector has accomplished another acquisition this year with the procurement of the entire share capital of a 35-year-old aluminium fenestration business based in Barton-upon-Humber North Lincolnshire, Barton Windows Limited.

MGI acquires Barton Windows

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The newest acquisition pursues to diversify MGI’s client base and counted potential synergistic value to the group, although also complementing MGI’s existing aluminium product portfolio of cladding and decking branded ‘Euralite’ that was rolled out in the previous month.

MGI’s legality of the acquisition was advised by Hempsons, while the transaction concluded on 14th October 2021.

MGI acquires Barton Windows

Michael Garratt, Founder & CEO at MGI said: “I am pleased to add Barton to our group and look forward to future acquisitions that can add huge strategic value. This opportunity significantly increases our aluminium product portfolio which will better serve our customer needs. We are delighted to be working with the experienced team at Barton and look forward to a promising future together.”

MGI acquires Barton Windows

Nick Cowley, Managing Director of MGI Group said: “Barton Windows provides MGI with a new route to market and customer base within construction. The products supplied by Barton interfaced with our own Euralite aluminium system will create a complete envelope system for our clients, providing them with a total solution from a dependable supplier.”

Outlook for the Indian Aluminium Industry

MGI’s Chairman, Chris Butters commented:  “Barton represents a timely acquisition and is highly accretive to earnings due to the organic growth opportunities that are available between our subsidiary operations, once integrated these will represent a strong product portfolio for customers and a broader base for our colleagues to work within. This is a logical deal that integrates businesses with good legacy characteristics and a proactive approach to customer expectations.”


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EDITED BY : RUPANKAR MAJUMDER 2MINS READ

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