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SIG plc

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SIG plc

SIG plc
Type Public (LSE: SHI)
Industry Construction Products
Founded 1957
Headquarters Sheffield, South Yorkshire, UK
Key people Les Tench, Chairman
Chris Davies, CEO
Revenue £2,582.4 million (2013)[1]
Operating income £99.5 million (2013)[1]
Net income £(14.3) million (2013)[1]
Website www.sigplc.com

SIG plc is a British-based international supplier of insulation, roofing, commercial interiors and specialist construction products. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The Company was founded by Ernest Adsetts in 1957 Sheffield as Sheffield Insulations Limited.[2] His son Norman Adsetts joined the firm in 1966 becoming Managing Director in 1970 and then Chairman in 1985.[3] The Company was first listed on the London Stock Exchange in 1989 when it became Sheffield Insulations Group plc.[2]

The Company expanded rapidly in the early 1990s acquiring Ceilings Distribution Ltd, a UK supplier of ceilings products, in 1990, Freeman Group, a large British insulation distributor, and Isokauf in Germany in 1994 and Komfort Systems, a supplier of partition systems for offices, in 1995.[2]

The Company was renamed SIG plc in 1995.[3] Norman Adsetts retired the following year.[3]

Acquisitions in the late 1990s included WKT and Golinski of Germany in 1996, and Asphaltic, a major UK roofing supplier, CP Supplies and Branton Industries and Distribution International in the USA in 1997.[2]

In 2000 the Company bought Nouwens Group in the Netherlands and in 2001 it bought Capco, suppliers of interiors, roofing and insulation in the UK and Ireland. This was followed in 2002 by the acquisition of AM Proos and Clydesdale Roofing Supplies.[2]

In 2002, David Williams was appointed Chief Executive.[2]

In 2004 the Company bought Orion Trent Insulation, another UK distributor,[4] with Leaderflush Shapland (formerly LS Group), a manufacturer of door sets for hospitals following in 2005.[5] It bought Wodan and WIG in Poland and exited the USA in 2006.[2]

The acquisition of Lariviere came in 2007, allowing the Company to enter the French roofing market.[6] Also in 2007 General Fixings, based in Bristol, was acquired .[7] Also in 2007, SIG moved into the refractory business, by purchasing MacGregor and Moir, one of the UK and Europe's leading specialists of high temperature insulation and refractory solutions.[8]

In 2008 it bought Air Trade Centre International B.V., a Dutch air conditioning business.[9]

Also in 2008 David Williams retired with Chris Davies taking his place as Chief Executive.[10]

On 1 March 2013, Stuart Mitchell was appointed as CEO.[11]

Operations

The Company serves a wide range of markets across the building, construction, petro-chemical and process sectors from premises in Sheffield.[12]

References

  1. ^ a b c Preliminary Results 2013
  2. ^ a b c d e f g SIG plc: History
  3. ^ a b c Sheffield People: Sir Norman Adsetts
  4. ^ PKF Cooper Parry manages sale of Orion Trent
  5. ^ Acquisitive SIG surges on strong first half
  6. ^ SIG to buy Larivere
  7. ^ In Business South West
  8. ^ MacGregor and Moir
  9. ^ SIG acquires Air Trade International
  10. ^ SIG plc: Management
  11. ^ Where are they now? Stuart Mitchell, Sainsburys and Wilkinson The Grocer, 1 December 2012
  12. ^ Sheffield Star, Business, 13 September 2007, retrieved 26 September 2007

External links

  • Official site
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