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Infinity Expands
TuffX has extended its factory by 10,000sq.ft to make room for new machinery to support the growth in production of its popular Infinity rooflights range...
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Cornwall Expands Into Somerset
Glass company, the Cornwall Group, is positioning itself for major expansion in 2022 as it conducts acquisition talks and begins work on a new glass processing facility in Somerset.
Cornwall Group’s chairman, Mark Mitchell, says the company’s strategy of putting resources in place first, before needing to fully engage them, has allowed the company to be agile when new opportunities arise.
“We’ve already made it clear that we are very open to the idea of buying existing businesses that allow us to expand our product range or our geographical each. But we can only do that if we are in a position to do so.”
– Mark Mitchell
Chairman, Cornwall Group
War
“We are constantly on a war footing, if you like,” continues Cornwall Group’s Mitchell. “After nearly two years in a pandemic and yet we have plans to expand and acquire. That is really something.”
Mitchell has revealed that several approaches have been made to him during December and January. “These aren’t necessarily distress sales,” he says, “but I think a lot of organisations have reflected on what they need as part of a general trend towards consolidation as the latest trends in glass definitely point towards a greater need for specialist machinery. Some companies have struggled because they aren’t nimble. They are running out of puff.”
Growth
Cornwall Group also has some significant infrastructure plans in the pipeline. The construction of a new £6 million facility at Highbridge in Somerset will begin later this year which will see approximately £3.5 million spent on a new furnace, a new unit line, new heat soak ovens, and a specialist lamination line, which will dominate 6,000sq.ft on its own. It will also create 30 jobs.
Highbridge was singled out because of its proximity to the M5 and M4, offering significant opportunities to expand.
Picture: Mark Mitchell Chairman, Cornwall Group.
Article written by Cathryn Ellis
24th February 2022