A Birmingham-based manufacturer of aluminium windows and doors 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 10,000 sq ft 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.
Fusion manufactures aluminium windows, doors and curtain walling. All products are produced using the latest CNC computer controlled machinery. Ensuring a high quality product at all times.
Key Land Investments also owns a start-up online accountancy business, which recently celebrated its first anniversary and a year of rapid growth by announcing the signing of its 400thclient. Sidekick, based in Aston, Birmingham, provides a range of accountancy services for small businesses, tradesmen and contractors and delivers pro-active advice without the jargon for a fixed monthly fee.
In just a year Sidekick has grown from humble beginnings to a team of 10 experienced accountancy staff working on behalf of hundreds of clients across the country working in a wide variety of sectors. Key Land Investments also owns Driver Unlimited and Loansoft.
Key Land Developments is delivering residential projects worth more than £40 million across the West Midlands.
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.