A Birmingham-based manufacturer of aluminium windows, doors and curtain walling has been acquired in a deal which could see turnover increase by more than 100% in the next two years.
Key Land Capital’s investments division has bought Fusion Windows and Doors, which operates from a 10,000ft2 manufacturing unit at Hubert Street, Aston, for an undisclosed sum.
Kevin Patrick Sharkey, director of Key Land Investments, said Fusion is in a strong position to take advantage of a buoyant commercial and residential property market with its wide range of aluminium door and window products.
“We have identified Fusion as offering a business which offers great opportunities to grow. It complements our own property development business, and we plan to use Fusion products on some of our projects. However, we also believe there is a strong demand for these products at commercial and residential developments right across the UK and it is this relatively untapped market that we intend to target.”
The current annual turnover of £750,000 could be increased to £2 million in the next two years, and over £5 million in three to five years, added Kevin. A high pedigree management team is being assembled by the new owners and a number of new jobs are to be created.
Key Land Developments is reported to be delivering residential projects worth more than £40 million across the West Midlands.
The company says that its mission is to provide affordable, luxury and modern housing to students and professionals, whilst maintaining solid returns for investors. The company raises private investment to develop sites throughout the Midlands, a mixture of residential new build and office to residential conversions. Other Key Land Developments projects include the £15 million Ringway House student accommodation development in Coventry, another joint venture with Urban Village.
