SIG plc acquires HC Group and HC PVE Ltd
SIG plc announces that it has acquired HC Group the specialist air handling systems provider. Based in the Netherlands and the UK the HC Group has a turnover in excess of €45 million.
As a leading European distributor of specialist building products, SIG Plc are a FTSE 250 company with a global turnover in excess of £2.6 billion. Founded in Sheffield in 1957, they employ over 9,000 people across more than 660 trading sites in the UK, Ireland and Mainland Europe. The group has a product and services base of significant scale and a strong position in each of its 4 core product areas of Exterior, Interior, Insulation and Air Handling.
This acquisition is complimentary across all sectors and forms part of a long-term strategy to develop the Air Handling Division of SIG and spread this from distribution to system design and installation. It will build on the success of HC Group and the huge impact they have made across Europe over the last 12 years. In common with HC PVE, SIG have developed a keen reputation for service and customer satisfaction so there is much synergy between the organisations that will strengthen our existing business.
In the UK, we will continue to flourish with the support and back up of SIG. This acquisition is an exciting move forward for all at HC PVE, and in time will open up new and exciting business areas. It gives us the opportunity to build on our reputation for service, product design and system quality in order that we can play an active role in the further development of the SIG Air Handling division.
This is a very positive development for all at HC PVE, which was formed by Ernst Wehden and Andrew Mowat 11 years ago and has since become one of the largest UK specialists in the field of Car Park Ventilation and Air Quality systems. The management team of HC Group and HC PVE will remain to deliver the continued growth and development of the company.