9th Mar 2016 09:47
LONDON (Alliance News) - PVC building products supplier Eurocell PLC on Wednesday said it has struck a GBP7.1 million cash deal to acquire Vista Panels Ltd.
Vista, based in the Wirral, makes composite and PVC-U entrance doors in the UK, with a strong presence in the social housing and private repair, maintenance and improvement markets.
It it currently Eurocell's sole entrance doors supplier and is expected to operate as a standalone business under its current brand name.
"The acquisition will broaden the routes to market for Vista in particular to the new-build sector, and provide opportunity for cross selling into the respective customer bases. We know the business well, having worked with them both as a customer and a supplier. It's logical, therefore, that we wanted them to join forces with us," said Eurocell Chief Executive Patrick Bateman.
Eurocell shares were untraded on Wednesday morning, having last traded at 179.25 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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