Cattaneo Corporate Finance has advised Window Widgets on the acquisition of Profoil.
The team that acquired Window Widgets in 2019 have announced the formation of the Q19 Group and the acquisition of Profoil Limited.
Profoil, based in Kettering, provides foiling services to the fenestration and building materials markets in the UK and Republic of Ireland.
The Q19 Group, comprises dynamic businesses that are changing the perception of the UK fenestration market. The group includes market leading brands: Window Widgets, Residence Collection and now Profoil, with manufacturing facilities in Gloucester and Kettering.
Window Widgets was founded in 2000 and now has the largest range of universal ancillaries in the UK fenestration market. In 2012, Window Widgets launched what has become a defining window system in the form of Residence 9 and today it forms part of The Residence Collection of design-led PVCu window and door systems, with true consumer appeal. These systems have already become the industry benchmark for product design and colour. Profoil has been a specialist in foil lamination for over 25 years.
The Q19 Group will implement an investment programme to support further growth across all its businesses, with bold ambitions for the future direction of the group.
The deal was put together by the Q19 director team with advice from Cattaneo Corporate Finance and Legal Clarity and with financial support from Shawbrook Bank.
Sarah Hitchings, sales and marketing director of Q19 Group, commented:
“We are pleased to announce the strategic acquisition of Profoil, a key supplier to Window Widgets. We now have an opportunity to continue investing and realising the considerable potential of Profoil within our group.”
Charles Cattaneo, said:
“Having advised the Window Widgets team on the management buy out of the business in 2019, we are delighted to have advised them on the acquisition which fits well with the existing operations and provides new growth avenues for the group.”