SIP Build UK: Yorkshire firm acquired in multi-million pound deal
Normanton manufacturer SIP Build UK has been acquired by Liverpool-based SIP Building Systems Ltd in a multi-million-pound deal that creates the UK’s largest independent provider of Structural Insulated Panels.
The acquisition, which comes for an undisclosed sum, brings together an operation with more than 50,000 sq. ft of manufacturing facilities, in a move the firms said would increase production capacity and national reach.
Peter Barr, managing director of SIP Building Systems, said: "This acquisition is an important step in the continued growth of SIP Building Systems. SIP Build UK has an excellent reputation within the industry and we are excited about the opportunities that bringing our businesses together will create for customers, employees and partners.”
Based in Normanton, West Yorkshire, SIP Build UK is made up of the specialist brands SIP Build UK, Frame Build UK and Clad Build UK. The firms engineer, manufacture and install structural timber buildings for projects across the residential, commercial and leisure sectors, as well as military infrastructure, modular buildings and temperature-controlled environments.
Chris Duckworth, managing director of SIP Build UK, said: "I am extremely proud of the SBUK team and am sure that Peter and SBS will drive the business and market forward at pace."