United Glass Group (UGG) has acquired Premier Double Glazed Units, an insulated glass manufacturer based in Newton Abbot, Devon. The deal is backed by £3 million in funding from UGG’s owner, Duke Royalty. Premier will now join the growing group, which already includes Brownhills Glass Company, Tufwell Glass, and London Architectural Glass.
Mark Harrison, UGG’s chief executive, described the acquisition as an important step for the group, reinforcing its ambition to become a national leader in glass processing. He emphasised that this move, supported by their capital partner, Duke Royalty, strengthens their platform for growth and accelerates their ongoing buy-and-build strategy. Harrison expressed confidence in the group’s long-term prospects, aiming to deliver increased value across the industry.
Premier, established in 1996, employs approximately 35 people and specialises in producing double-glazed and triple-glazed units. This acquisition comes on the heels of Duke Royalty increasing its equity stake in UGG to 73.8%, following a secondary share purchase earlier this year. Duke has invested a total of £15 million into UGG through its royalty investment model, which links repayment to the company’s performance.
Neil Johnson, Duke Capital’s chief executive, commented on the funding, stating that it further cements Duke’s commitment to a strong and reliable partner. He commended UGG for its consistent execution of its growth strategy since their partnership began in 2018 and noted UGG’s expanding national presence in the glass processing industry.
With this acquisition and solid financial backing, UGG continues to strengthen its market position, paving the way for further expansion and success in the glass manufacturing sector.
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.
