SIG plc

Last updated

SIG plc
Company type Public
LSE:  SHI
IndustryConstruction Products, off site manufacturing
Founded1957
FounderErnest Adsetts  OOjs UI icon edit-ltr-progressive.svg
Headquarters Sheffield, England
Key people
Andrew Allner, Chairman
Gavin Slark, CEO
RevenueIncrease2.svg £2,761.2 million (2023) [1]
Decrease2.svg £53.1 million (2023) [1]
Decrease2.svg £(43.4) million (2023) [1]
Website www.sigplc.com

SIG plc is a British-based international supplier of insulation, roofing, commercial interiors and specialist construction products. It is listed on the London Stock Exchange.

Contents

History

The company was founded by Ernest Adsetts in 1957 Sheffield as Sheffield Insulations Limited;. [2] His son Norman Adsetts joined the firm in 1966, becoming managing director in 1970, and then chairman in 1985. [3] The company was first listed on the London Stock Exchange in 1989, when it became Sheffield Insulations Group plc. [2] The company expanded rapidly in the start of the 1990s, acquiring Ceilings Distribution Ltd, a supplier in the United Kingdom of ceilings products, in 1990, Freeman Group, a large British insulation distributor, and Isokauf in Germany in 1994 and Komfort Systems, a supplier of partition systems for offices, in 1995. [2]

The company was renamed SIG plc in 1995. [3] Norman Adsetts retired the following year. [3] Acquisitions in the end of the 1990s included WKT and Golinski of Germany in 1996, and Asphaltic, a major roofing supplier in the United Kingdom, CP Supplies and Branton Industries and Distribution International in the United States in 1997. [2] In 2000, the company bought Nouwens Group in the Netherlands, and in 2001, it bought Capco, suppliers of interiors, roofing and insulation in the United Kingdom and Ireland. This was followed in 2002 by the acquisition of AM Proos and Clydesdale Roofing Supplies. [2] In 2002, David Williams was appointed Chief Executive. [2]

SIG offices at Hillsborough Barracks Sheffield Insulations, Hillsborough Barracks, Sheffield - geograph.org.uk - 1103541.jpg
SIG offices at Hillsborough Barracks

In 2004, the company bought Orion Trent Insulation, another distributor for the United Kingdom, [4] with Leaderflush Shapland (formerly LS Group), a manufacturer of door sets for hospitals following in 2005. [5] It bought Wodan and WIG in Poland, and exited the United States in 2006. [2] The acquisition of Lariviere came in 2007, allowing the company to enter the French roofing market. [6]

In 2007, General Fixings, based in Bristol, was acquired. [7] Also in 2007, SIG moved into the refractory business, by purchasing MacGregor and Moir, one of the United Kingdom and Europe's leading specialists of high temperature insulation and refractory solutions. [8] In 2008 it bought Air Trade Centre International B.V., a Dutch air conditioning business. [9]

In 2008, David Williams retired, with Chris Davies taking his place as Chief Executive. [10] In further management changes, Stuart Mitchell was appointed as CEO in March 2013, [11] Meinie Oldersma took over the role in March 2017 [12] and Steve Francis became CEO in April 2020. [13] Gavin Slark was later named CEO in 2023. [14]

Operations

The company serves a wide range of markets across the building, construction, off site manufacturing and process sectors, from premises throughout Europe and the Middle East. [15]

Related Research Articles

<span class="mw-page-title-main">Rolls-Royce Holdings</span> British multinational aerospace company

Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries. Rolls-Royce is the world's second-largest maker of aircraft engines and has major businesses in the marine propulsion and energy sectors.

<span class="mw-page-title-main">Sage Group</span> British multinational enterprise accounting software company

The Sage Group plc, commonly known as Sage, is a British multinational enterprise software company based in Newcastle upon Tyne, England. As of 2017, it is the UK's second largest technology company, the world's third-largest supplier of enterprise resource planning software, the largest supplier to small businesses, and has 6.1 million customers worldwide. It has offices in 23 countries. The company is a patron of The Glasshouse, Gateshead music venue in Gateshead.

DCC plc is a leading Irish international sales, marketing and support services group. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Ferguson plc is an American-British multinational plumbing and heating products distributor with its head office in Newport News, Virginia.

Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. Its principal activity is the supply of electricity and gas to consumers in the United Kingdom and Ireland.

<span class="mw-page-title-main">BG Group</span> Former British multinational oil and gas company

BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement. The sale was completed on 15 February 2016. Prior to the takeover, BG Group was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. In the 2015 Forbes Global 2000, BG Group was ranked as the 583rd largest public company in the world.

Inchcape plc is a British multinational automotive distribution, retail and services company headquartered in London. An outgrowth of Calcutta-based Mackinnon Mackenzie Company, Inchcape has operations in 32 countries across Asia, Australia, Europe, Africa and South America.

Parker Meggitt is a British international company specialising in components and sub-systems for the aerospace, defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022.

<span class="mw-page-title-main">Marshalls plc</span>

Marshalls plc is a United Kingdom based manufacturer of natural stone and concrete hard landscaping products, supplying the construction, home improvement and landscape markets. It is based in Elland, West Yorkshire. It is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index.

Lookers is a British car dealership chain in the United Kingdom and Ireland. It represents multiple brands, and is based in Altrincham. It was listed on the London Stock Exchange until it was bought by Global Auto Holdings, a sister company of Alpha Auto Group, for £465.4m in 2023.

Sir William Norman Adsetts was a British businessman. He joined firm SIG plc in 1966 and ran as managing director from 1970 to 1996.

Hobbycraft is an arts and crafts superstore retail chain in the United Kingdom. It is currently owned by investment group Bridgepoint.

<span class="mw-page-title-main">Bunzl</span> British multinational distribution and outsourcing company

Bunzl Public Limited Company is a British multinational distribution and outsourcing company headquartered in London, England.

<span class="mw-page-title-main">Connaught plc</span> UK company

Connaught plc was a company in the United Kingdom, operating in the social housing, public sector and compliance markets. A constituent of the FTSE 250 Index, it went into administration in October 2010.

<span class="mw-page-title-main">Spirax Group</span> Pump and hydraulics company

Spirax Group plc, formerly Spirax-Sarco Engineering plc, is a British manufacturer of steam management systems and peristaltic pumps and associated fluid path technologies. It is headquartered in Cheltenham, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Autism Plus is charity in England, United Kingdom. An Autism specialist charity, they offer support to adults and young people with autism, learning disabilities and mental health conditions.

<span class="mw-page-title-main">Kingspan Group</span> Irish building materials company

Kingspan Group plc is a building materials company based in Ireland, trading in over 80 countries with more than 210 factories employing over 22,000 people. The company operates with six divisions; Insulated Panels, Insulation, Light & Air, Water & Energy, and, Data & Flooring, Roof & Waterproofing.

Diploma plc is a British business supplying specialised technical products and services based in London, England. It is a constituent of the FTSE 100 Index.

Beacon Roofing Supply, Inc. is an American publicly traded company which sells residential and non-residential roofing products, as well as related building products in North America. As of December 31, 2023, the company has 533 locations throughout all 50 states in the U.S. and six Canadian provinces, and over 8,000 employees. In addition to roofing, local divisions may also sell windows, siding, decking, waterproofing and other external building products. The company is currently headquartered in Herndon, Virginia.

References

  1. 1 2 3 "Annual Results 2023" (PDF). Sig plc. Retrieved 5 March 2024.
  2. 1 2 3 4 5 6 7 "- SIG plc". sigplc.co.uk. Retrieved 3 April 2015.
  3. 1 2 3 Sheffield People: Sir Norman Adsetts
  4. ↑ "Orion Trent Holdings". cooperparry.com. Retrieved 3 April 2015.
  5. ↑ Acquisitive SIG surges on strong first half
  6. ↑ "NewRatings". newratings.com. Retrieved 3 April 2015.
  7. ↑ In Business South West
  8. ↑ MacGregor and Moir
  9. ↑ "refrige.com" . Retrieved 3 April 2015.
  10. ↑ "- SIG plc". sigplc.co.uk. Retrieved 3 April 2015.
  11. ↑ Where are they now? Stuart Mitchell, Sainsburys and Wilkinson The Grocer, 1 December 2012
  12. ↑ "SIG to sell assets, names new CEO to lead turnaround". Reuters. 14 March 2017. Archived from the original on 30 March 2018. Retrieved 29 March 2018.
  13. ↑ "Steve Francis secures permanent role of chief executive officer of SIG plc". Roof Cladding and Insulation. 24 April 2020.
  14. ↑ Farrell, Stephen (8 September 2022). "SIG APPOINTS NEW CHIEF EXECUTIVE". Insider Media. Retrieved 22 May 2023.
  15. ↑ "Insulation firm SIG-ning in". thestar.co.uk. Retrieved 3 April 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.