Peterborough
based architectural and decorative casing solutions specialist, Encasement Ltd,
has acquired Pendock as part of its strategy to expand into new market sectors,
while increasing production capacity with the addition of Pendock’s UK based
manufacturing facilities.
Encasement
was formed in 2007 and has maintained consistent year on year growth through
the manufacture and supply of casing solutions to public sector and private
business in sectors such as residential, retail, commercial and education.
A
key part of the deal to purchase Pendock from building and engineering products
company, Davidson Holdings, was Encasement’s commitment to retain Pendock’s
workforce and continue manufacturing at the company’s well established
operation in Telford.
This
assurance has been further reinforced with the signing of a new five-year lease
on the building and the recent investment of more than £150,000 in building
upgrades and new machinery.
“I
believe this is an excellent development for both companies,” explained
Encasement’s MD, Martin Taylor. “By bringing together two specialised and
complementary businesses it will not only make us jointly stronger, but also
allows us to serve customers even more effectively in a demanding and
continually evolving marketplace.”
He
added: “Although we already manufacture in Europe, Pendock’s plant in Telford
expands our production capabilities and provides greater capacity to meet a
growing order book, as well as increased versatility and resilience to manage
the potential impact of Brexit.”
Davidson
Holdings’ managing director, Geoffrey Gestetner, commented: “There are some
significant synergies between the two businesses, which was one of the main
reasons why we felt that Pendock’s future would be best served by joining with
Encasement.”
He
continued: “Clearly, we’re also delighted that Encasement has committed to
continuity of employment for all staff, which was an important consideration
for us in the sale.”
