Intelligent investment
UAP has acquired Yorkshire-based internal door hardware company, Intelligent Hardware.
The acquisition adds a range of hardware for internal doors, including Round Rose handles, to the UAP product offering. This creates cross-selling opportunities between UAP and Intelligent Hardware, benefitting door manufacturers, fabricators and specifiers, the company said.
This purchase marks the start of a series of planned acquisitions by the Manchester-based hardware specialist, with a second and third already under negotiation.
Acquisition is a key part of the UAP strategy, supported by significant private equity funding from Maven Capital Partners, following the management buyout of UAP in September 2018.
David Jennings, CEO of UAP, said: “My decision last year was done to not only protect the future of my family but also protect and grow the interests of UAP, and a significant part of that is the support to acquire new businesses. Given the delicate state of the market we are prepared for speculative opportunities that may arise.
“Intelligent Hardware is a valuable addition as they have a fantastic brand and reputation.”
UAP is actively encouraging any company that is finding the market difficult to consider joining the UAP group of companies.