MBO for Residence Collection

Window Widgets, which includes The Residence Collection, has been acquired by the existing UK management team from USA-based Masonite International Corporation.

The terms of the deal were not announced.

The UK management team includes Sarah Hitchings (sales and marketing director), Michael Hart (technical director), Richard Bonner (operations director) and Gregory Pigott (finance and commercial director).

Windows Widgets supplies a wide range of accessories and ancillaries to more than 800 window fabricators across the UK, including in-house manufactured and CE Marked baypole jacks. For 19 years this business has been diversifying its product range to become a leading component supplier to the aluminium and PVCU window and door markets.

In 2012, Window Widgets launched Residence 9, which today forms part of The Residence Collection of PVCU window and door systems.

This change in ownership will see the business revert back to an owner-managed entity that will be “built on entrepreneurial flair and spirit”, the company said. Under the new ownership, the directors are already looking to implement an investment programme to support further growth.

The deal completed on December 13, 2019 and was led by the UK management team with financial advice from Cattaneo Corporate Finance, legal advice from Legal Clarity, and financial support from Shawbrook Bank.

“I, along with the other three directors of this business, are thrilled with the deal, something that’s good for the workforce and within the market sectors we operate in,” Sarah said. “We now have an opportunity to invest, innovate and realise the considerable potential of this business and we’re eager to put our plans in place and to drive this business further forward.”

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