A FAMILY business has outlined ambitious growth plans after undergoing a multi-million pound takeover.
Peterlee Glass was recently acquired by Brownhills Investment in a deal supported by the Business Growth Fund (BGF) with a £2.9m finance package.
I definitely believe the acquisition will mean only good things for Peterlee Glass and I think everyone associated with the company is excited as to what lies ahead.Graeme Hawes, Peterlee Glass
Now the company’s managing director, Graeme Hawes, has spoken about his aims for the business in what he believes is an exciting year ahead. It could include around five new jobs to add to the existing workforce of 30 people.
Graeme said, moving forward, it will be “an exciting year for us, with ambitions to expand into new markets nationally and internationally and increase our workforce”.
“Becoming part of the Brownhills Investment portfolio is a massive opportunity for us. But the key thing is our customers won’t see any difference in the day-to-day service they receive from us. It’s business as usual and I remain managing director with the same team around me.”
Peterlee Glass was founded in 1977 by the Hawes family and makes glass doors, screens, shop fronts and balustrades, carrying out projects for hospitals, airports and universities. Last year, the company spent more than £500,000 on new machinery as part of a drive to strengthen its industry position.
Graeme added: “Last year was a big year for us in terms of our growth, and with this investment we can continue that on a bigger scale.
“We are now in a position to offer services that we previously couldn’t, therefore opening new doors that might not have been available to us before.
“I definitely believe the acquisition will mean only good things for Peterlee Glass and I think everyone associated with the company is excited as to what lies ahead.”
The company’s customers include Primark, Fenwick and TK Maxx. They were also contracted to supply glass panels for installation at the MetroCentre and Eldon Square and have worked on projects in Cardiff, Dijon, Marseille and Dusseldorf.