Appointment of Corporate Broker

RNS Number : 4305U

Stelrad Group PLC

03 December 2021

 

Stelrad Group plc

Appointment of Corporate Broker

Stelrad Group plc ("Stelrad") is pleased to announce the appointment of Investec Bank plc as its sole corporate broker with immediate effect.

Enquiries:

Stelrad Trevor Harvey, CEO  George Letham, CFO	Tel: [phone]
Investec Bank plc Bruce Garrow Ben Griffiths Alex Penney	Tel: [phone]

Notes to Editors

Stelrad Group PLC is a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, selling an extensive range of standard and premium steel panel radiators, low surface temperature (LST) radiators, towel warmers, decorative steel tubular radiators and other steel "column" radiators to more than 500 customers annually.

The Group has four core brands: Stelrad, Henrad, Hudevad and Termo Teknik, which had approximately 16.6 per cent. share by volume of total markets in the UK, Europe, and Turkey in 2020, including 50.2 per cent. market share in the UK. In 2020, the Group held top 3 share positions in 11 countries and was #1 in the UK, Ireland, the Netherlands, Belgium and Denmark. 

It is headquartered in Newcastle upon Tyne in the United Kingdom with manufacturing and distribution facilities at Mexborough in the UK, Nuth in the Netherlands and Çorlu in Turkey, employing 1,325 employees across the business, as at 31 December 2020.

The origins of the Group date back to the 1930s and, today, Stelrad enjoys long established commercial relationships with many of its customers, having served each of its top five customers for over twenty years.

 

END

 

 

APPUPGGUPUPGGQP