Modular Group Investments (MGI) Completes Acquisition of Oakland Glass Ltd
Modular Group Investments Ltd (MGI) is delighted to announce the acquisition of Oakland Glass Ltd. This is a key strategic addition to the Group, which adds significant capacity and capability in insulated double glazed unit production, and provides established routes to market for Oakland Glass through MGI's existing and future channels.
Oakland Glass was established in 1986, providing high-quality IGUs to the market, and has steadily grown into a market leader in its field. It combines traditional values and expertise to provide 'A Service That's First Class', and has established strong and long-standing relationships with customers, suppliers and employees.
MGI purchased the entire share capital of Oakland Glass Ltd, with the transaction closing on 8th February 2023.
Michael Garratt, founder at MGI said: "I am very excited to add Oakland Glass Ltd to our Group and to have the opportunity to build upon what the team has created. We look forward to a promising future together – MGI plans to acquire more componentry manufacturing business this year in order to continue to diversify our product portfolio, but also to strengthen our customer relationships by offering more products and service."
Giles Richell, Group CEO at MGI said: "This is a great addition to the MGI Group and provides a depth and scale of vertical integration that we believe is unmatched by our competition. This will allow us to supply our multiple construction markets with the best service and most competitive solutions in the industry."
Amanda Falsey will be continuing in her role as Managing Director and Tina Moorhouse will stay on in her capacity as Oakland Sales Director. MGI very much welcomes Amanda and her team to the Group and looks forward to working with them and growing the business further with our help and support.
About Modular Group Investments Limited
MGI is a fast growing and innovative group of businesses with the goal of making a positive contribution with the UK offsite and modular manufacturing sectors and across the diverse SME supply chain of mission-critical components in synergistic markets. MGI continues to develop a buy- and-build strategy, which will focus on the offsite/MMC sectors and components, but recognises the scale and opportunities to also supply the traditional construction sectors.
For more information, please contact MGI at www.modulargroupinvestments.co.uk/
