Epwin and Latium Merge in UK
Two large companies in the British window and door industry, the Epwin Group and Latium, have merged. Representing companies involved in extrusion, window and glass fabrication, and sales and installation, the new company Epwin Holdings will employ approximately 2,500 people.
The new business encompasses several Epwin brands–including Profile 22, Swish Window and Door Systems, Swish Building Products and Sierra–together with several Latium companies–including Spectus, Kestrel-BCE and CET–to create a group with a combined turnover in excess of £275 million or $422 million.
"This is a major opportunity for the UK building products industry," says Jim Rawson, Epwin founder and chairman of the new company. "In bringing together many of its leading businesses, in a British-run, British-owned group, we have the resource to invest in individual brands, product innovation and service, grow our business and most importantly, support our customers across sectors in doing the same."
"There is a very strong commercial fit between Latium and Epwin businesses and the merger creates tremendous new opportunities for both employees, customers and suppliers," says Brian Kennedy, Latium's top executive and now a board member at the new company. "It has both the stability and financial resource to see out challenges and to secure new opportunities, something which we are confident will deliver advantages for not just its member businesses but customers and the building products industry more broadly."
"We don’t expect any significant changes to the operational structure of group businesses in the medium term," Rawson adds. "This is very much business as usual for customers, employees and suppliers."
The Epwin Group was founded by Rawson in 1976. Floated on the Stock Exchange in 1987, it was brought back into private ownership in 2000. The Latium companies, owned by entrepreneur and investor Brian Kennedy, were acquired, in part, from Heywood Williams in 2005.
One of Latium's company's, Ultraframe is parent of Four Seasons Solar Products, based in Holbrook, N.Y. Officials at Four Seasons note that business runs largely independent of the British operations.