The Gledhill family has accepted an offer of an undisclosed sum for the Gledhill Group companies from Groupe Atlantic.
Gledhill has been a leading supplier of hot water storage vessels in the UK for over 70 years and recently expanded into a state-of-the-art manufacturer of duplex stainless steel cylinders from its Blackpool manufacturing plant. It has nine manufacturing and distribution depots throughout the UK.
Groupe Atlantic is also a family owned company based in France, with manufacturing plants all over Europe and Asia. has more than 5,500 employees worldwide with a turnover in excess of €1.3 billion, having 19 factories across Europe and distributing products to over 100 countries.
Having recently made acquisitions in the UK in the form of Hamworthy Boilers and more latterly, Ideal Boilers, their commitment to becoming market leader in heating products for the UK provides a very exciting platform for our development.
Jason Hobson will take over as managing director for the Gledhill Group (comprising Gledhill Building Products, Gledhill Response, Gledhill Spares and Gledhill International) supported by Tricia Holland as commercial director, reporting directly into Shaun Edwards, the UK Group Atlantic CEO.
All the present board members, including the Gledhill family, will continue in management roles and are committed to the on-going success of Gledhill, and are looking forward to developing the business under the new ownership of Groupe Atlantic.
The chairman and co-founder of the company Houghton Gledhill said: “My brother and I are delighted that another family business has acquired ours so that together we can go from strength to strength!”