?> Positive expansion in the glass industry - DirectorsTalk

Positive expansion in the glass industry

United Glass Group (UGG), a company based in the West Midlands, has expanded its operations by acquiring Premier Double Glazed Units Limited, a glass unit manufacturer located in the South West of England. This acquisition was made possible through a follow-on investment of £3 million by Duke Capital, which has been a financial partner of UGG since 2018. This latest funding increases Duke’s total investment in UGG to £15 million.

UGG, headquartered in Aldridge, has been a prominent player in the UK’s architectural glass processing market since the early 1980s. The group currently includes three subsidiaries: Brownhills Glass Company Limited, Tufwell Glass Limited, and London Architectural Glass Limited. With the addition of Premier, UGG continues to strengthen its position in the glass processing industry.

Premier, founded in 1996 and based in Devon, specialises in the production of high-quality insulated glass units, including both double and triple glazed units. The company serves a range of markets, including residential, commercial, and architectural sectors.

Neil Johnson, CEO of Duke Capital, expressed satisfaction with UGG’s consistent performance and strategic growth. He highlighted that UGG’s success in executing its expansion plans reinforces Duke Capital’s commitment to supporting UGG’s vision. Mark Harrison, CEO of UGG, described the acquisition of Premier as a significant milestone in UGG’s growth strategy, positioning the company for continued success in the glass processing industry. Harrison emphasised that this strategic move, backed by Duke Capital, will enhance UGG’s ability to deliver exceptional value and achieve long-term growth.

Duke Capital Limited (LON:DUKE), formerly Duke Royalty Limited, is a Guernsey-based provider of hybrid capital solutions for small and medium-sized enterprises (SME) business owners in the United Kingdom, Europe and North America, combining the features of both equity and debt.

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