DW3 Products Group

  • Sector Composite Doors and Windows
  • Location Staffordshire and Gloucestershire, UK
  • LTM Revenue c. £32m
  • Deal Type Cash Out / Dev Cap
  • Deal Date October 2014
  • Employees 200
  • NorthEdge Contacts Jon Pickering
    Ray Stenton
  • Board Members Jon Pickering
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Business Description

DW3 Products Group is an investment vehicle for innovative manufacturing companies from the fenestration industry. Its portfolio includes hardwood core composite door manufacturers Solidor and Nice Door Panels, as well as the window products providers Eclectic Systems and Window Widgets.

Background

Following NorthEdge’s investment in Stoke on Trent-based Solidor, the team recognised the enormous potential of the manufacturing sector. Led by Solidor CEO Gareth Mobley, DW3 Products Group was formed in November 2014 to create a platform to buy and build innovative manufacturers. The business has since made three follow-on acquisitions, widening its expertise and offering across facilities in Stoke and Gloucester.

NorthEdge Investment Rationale

NorthEdge was attracted to Solidor because of its established, strong market position in a growing niche of the home improvement market. Under Gareth’s leadership, sales have grown more than 10-fold in the last five years and NorthEdge saw the potential to develop a strong buy and build strategy under the guise of DW3 Products Group.

Strategy

The investment from NorthEdge will allow the business to expand its senior management team, continue investing in operations, capacity and IT, whilst also providing the support for a buy-and-build strategy.

Gareth Mobley, Chief Executive of DW3 Products Group, said: “This is an exciting moment for everybody at DW3 Products Group. The investment that we have received from NorthEdge will help to catapult us to be a true market leader. We can accelerate all of our growth plans and launch our new products faster. This will be a game changer for our industry. Ray, Jon and all of the team at NorthEdge were very commercial in their approach and are people that we will continue to build a successful relationship with.”

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