SIG PLC
17 October 2002
ACQUISITION OF CLYDESDALE ROOFING SUPPLIES LIMITED
SIG plc has acquired Clydesdale Roofing Supplies Limited ('Clydesdale') for a
consideration of circa £2m in cash.
The Clydesdale is a long established and well respected, specialist roofing
distributor with 9 branches in the North of England, generating circa £10m of
sales.
Clydesdale will continue to trade separately under its own name and the existing
Managing Director, John McGuire, will stay with the business.
The acquisition of Clydesdale continues SIG's successful strategy of making and
integrating 'bolt-on' acquisitions and consolidates SIG's market leading
position in the UK market. SIG now has 105 specialist roofing branches
throughout the UK and Eire.
J R Swynnerton
This information is provided by RNS
The company news service from the London Stock Exchange
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