Merino are pleased to announce that at the end of September we completed the purchase of UK Performance Doorsets. UK Performance Doorsets is a leading manufacturer of bespoke fire and performance timber doorsets, based in Alltami, North Wales. With a wide certification base and a highly skilled workforce, the business manufactures some of the most versatile timber doors in the UK.
Merino invested in the business to support the turnaround back to profitable growth in the wake of an over-expansion. Having consolidated its cost base, the business will focus on continuing to be an industry leader in innovation, safety, and compliance – crucial in a tightening regulatory environment. Recent projects include new-build property developments in the public and private high-rise residential sector, office and commercial fit outs in urban centres, and several very high specification leisure and residential buildings in central London.
The transaction was completed within a week, working with Begbies Traynor in Manchester and Bibby in Liverpool. The deal secures over 100 jobs and provides a strong platform for the business going forward.
Mark Colley, Managing Director of Merino, said “We are pleased to be able to support UK Performance Doorsets and invest in such an exciting business and sector. Our experience in other built environment and building product manufacturing businesses means we are well placed to make this a success. We warmly welcome the management and employees to the portfolio.”