DW3 Products Group (DW3), the investment vehicle that exclusively targets the manufacturing and fenestration industries, is targeting rapid growth over the next three years, projecting turnover of more than £70m by 2018.
Formed in October 2014, the group has quickly established itself as one of the leading investors in the home improvement sector, following its acquisition of four businesses in the last six months.
Headquartered in Stoke-on-Trent, DW3 added window and glazing firms Eclectic Systems and Window Widgets to its portfolio in April this year. This complemented its existing portfolio of door manufacturers Solidor and Nice Door Panels. Each business shares similar distribution channels, which enhances the group’s geographical reach and distribution capabilities.
DW3 currently employs 205 staff and achieved a turnover of £28m last year across its portfolio. NorthEdge Capital backed the business in November 2014 to allow the firm to expand its senior team and continue investing in its operations capacity and IT systems.
Headed up by CEO Gareth Mobley, the management team is notably strong. The Board, headed by Stuart Lees as Chairman, CFO Chris Chapman and Group Operations Director Mike Price has considerable experience in both the financial and manufacturing sectors.
Gareth Mobley, CEO of DW3 Products Group, said: “In an age when style is key, I wanted to set up a vehicle to support businesses capable of producing innovative products to transform the look of your home. Having experience of the difficulties that come with bringing a manufacturing company into the market, we have a management team with much to offer aspiring entrepreneurs in the sector.
“DW3 is an exciting new investment group with a portfolio of products which are already showing extremely positive growth signs. With plans to make further acquisitions in the home improvement market in the coming months, we’re confident of surpassing our £70m target in the next three years.”
Jon Pickering, Director at NorthEdge Capital and Director of DW3 Products Group, said: “We are fully supportive of Gareth and the team in supporting the group in continuing to grow both organically and through strategic bolt-on acquisitions. We have ensured that the requisite acquisition funding is available to enable the team’s strategic vision to be met. We want to continue to support Northern based entrepreneurs in realising their ambitions.”
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