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Modular Group Investments has bought Euramax Solutions Ltd, the window and door manufacturer partners.
Euramax specialises in PVCu windows and covers developments of all sizes across a number of sectors. These include modular constructor, DIY and home improvement, and the holiday home and leisure markets.
The business runs all of its operations from a state-of-the-art manufacturing facility in Barnsley, South Yorkshire, where it employs 160 members of staff.
The acquisition was financed by Bibby Financial Services, who provided a £4 million Invoice Discounting Facility to the investment group.
Michael Garratt, Founder and CEO, Modular Group Investments, said: “At Modular Group we look to invest in high-quality, progressive businesses with a clear roadmap for growth. Euramax ticks all of these boxes and is exactly the type of business we want to work with as we expand our footprint in the Modular Manufacturing space.”
