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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Duke Capital plc

More articles like this

Duke Capital plc

SMEs find new ways to tackle financial challenges

A recent study by Shawbrook highlights that 71% of small and medium-sized enterprise (SME) owners have turned to personal finances to support their businesses. The research revealed a notable rise in personal credit card usage (54%)

Duke Capital plc

Duke Capital to raise a minimum of £15 million in fundraise

Duke Capital Limited (LON:DUKE), a leading provider of hybrid capital solutions for SME business owners in Europe and North America, has announced a proposed fundraising of a minimum of £15 million through the issue of new Ordinary

Duke Capital plc

How Duke Capital stands to gain from the Autumn budget

The UK’s 2024 Autumn Budget has created a promising outlook for sectors dependent on capital investment and regional infrastructure, bolstered by a framework aimed at economic growth and resilience. The budget introduced significant public investment initiatives,

Duke Capital plc

Duke Capital’s strong performance in FY24

Duke Capital has established itself as a prominent provider of hybrid capital solutions for profitable, lower mid-market private businesses. Operating since 2017, Duke offers a unique investment product that combines a fixed-rate corporate mortgage with variable

Duke Capital plc

How Rachel Reeves can strengthen support for SMEs

As the UK economy recovers, Labour needs to focus on empowering small and medium-sized enterprises (SMEs), which are essential for job creation and innovation. To do this, Labour should introduce long-term, sector-specific financial support, allowing SMEs

Duke Capital plc

Optimism amongst UK SMEs continues to grow

Optimism within UK SMEs has been steadily rising for the third consecutive year, as revealed by a recent poll conducted by American Express. The survey highlighted that 70% of small and medium-sized businesses expressed confidence in

Duke Capital plc

United Glass Group expands with premier acquisition

A glass manufacturing business in South West England has recently been acquired by United Glass Group (UGG), a company based in the West Midlands. The deal follows a £3m investment by Duke Capital, furthering its ongoing

Duke Capital plc

Dublin-based education provider acquired in successful deal

Planet Education Works, a London-based educational services provider, has acquired City Education and Learning Group (City Colleges) in a multimillion-euro transaction. Duke Capital announced that its partner, Step Investments (Step), has finalised the sale of City