4 September 2000
ULTRAFRAME PLC ('Ultraframe')
Europe's leading specialist designer and manufacturer of
conservatory roofing systems
EXPANSION OF COMMERCIAL DIVISION
Ultraframe PLC announced today the acquisition of Robinson
Design & Build Limited ('Robinsons') and Collis Structural
Design Limited ('Collis'), specialists in glazed structures,
walkways, canopies and retail structures.
The acquisition of Robinsons and Collis, both of which are
based in Southampton, brings together a team which has a
respected reputation in the structural glazed market built on
years of tradition and experience. They have established
themselves as market leaders in many sectors, including local
authorities, universities, scientific research establishments
and major retail outlets. The team has been specified for
numerous prestigious garden centres and bespoke projects such
as the 'Tomorrow's World' Dream House, Saville Gardens and The
Royal Botanical Gardens in Glasgow.
Initial consideration of £0.8 million is principally payable
in cash with 2,474 new Ultraframe ordinary shares being issued
at 606.5p with a further £1 million payable on achievement of
performance targets over a two year period. The net assets of
the acquired businesses are approximately £300,000.
David Moore, the Chief Executive of Ultraframe, commented:
'The combination of Ultraframe's patented roofing systems with
Robinson's and Collis's experience in the commercial glazed
structural market will enable us to more rapidly exploit
opportunities in this specialist sector with high quality
'These two businesses have excellent teams, products and
client base which complement our Commercial Division.
Robinsons and Collis will be combined with our Commercial
Division enabling us to offer a more comprehensive design,
manufacture and build package in the rapidly growing large
span roofing sector of the market.'
For further information contact:
David Moore (Chief Executive) 01200 443 311
James Henry (Finance Director) 01200 443 311
Binns & Co Public Relations Ltd 020 7786 9600
Brian Coleman-Smith / Amanda Sheehy