Gwain Gains In Massive Thermoseal To Fenzi Deal

The spacer bar and window ancillaries group of Thermoseal companies, owned by Gwain Paterson, has been acquired by the Fenzi Group of Milan.

Fenzi is a chemical company specialising in glass processing solutions. Fenzi has agreed to buy a 100% shareholding in Thermoseal Group for an undisclosed amount, which includes manufacturing and warehousing facilities in Birmingham and Wigan.

Gwain Paterson will remain as managing director and Mark Hickox will continue as sales director.

“We are pleased as Fenzi is an ideal fit to help with our aspirations to become a true global player in the IG components market with our Thermoflex and Thermobar warm edge spacer systems,” says Paterson.

“We will be working with the Fenzi team in the next phase of our company’s growth. Apart from new owners, everything remains the same. We have well-established supply chains and we look forward to continued business with our long-standing customers.”

 

Fenzi family

Alessandro Fenzi, CEO of the Fenzi Group, says: “We welcome Thermoseal to the Fenzi family. Their expertise in IG solutions, particularly the innovative Thermoflex flexible spacer product, complements our global growth strategy.”

The acquisition will allow the Fenzi Group to expand Thermoflex and Thermobar sales internationally.

 

Made in Britain

Thermoseal manufactures Thermoflex at its site in Wigan using the latest compounding, extruding and processing machinery, alongside Thermobar rigid spacer bar.

All components supplied by Thermoseal Group, including desiccant, sealant and injection moulded fittings, are extensively tested to ensure that the insulated glass units they go in to exceed the expected lifespan of the windows they are used in.

Thermoseal also has a rapidly expanding export division, which will benefit from the increased investment promised by the acquisition by Fenzi.

 

Picture: Gwain Paterson.

www.thermosealgroup.com

 

Article written by Cathryn Ellis
04th July 2024

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