Yorkshire-Based SIG Plc Completes Ainsworth Group Acquisition

12th August 2015

SIG plc (-SIG), Europe's leading specialist solutions provider to the construction industry has announced the acquisition of the Ainsworth Group for an undisclosed sum.

The Ainsworth Group is a distributor of thermal, acoustic, fire and building insulation products operating from six branches across the South East, South West, Midlands and Wales. The Business has a strong position in the Technical Insulation market, with an excellent reputation for service and technical support. Based in Sheffield, SIG is the European leader in providing specialist solutions to customers in exteriors, interiors, insulation and air handling sectors. The company has over 9,000 employees and last year generated revenues of £2.6bn across 650 branches. In 2014, SIG completed 12 corporate transactions across several countries. The acquisition of the Ainsworth Group continues SIG's strategy of geographic infills in its core markets. The Leeds office of national law firm Irwin Mitchell advised SIG on the deal. The multi-disciplinary team included corporate advisors Philip Goldsborough, James Foster and Natalie Hager, real estate lawyer Clare Davitt, employment law specialist Padma Tadi and tax specialist Alex Barnes. Philip Goldsborough, who led the Irwin Mitchell team on the deal, said: -We are delighted to have advised SIG on the acquisition of the Ainsworth Group.  This transaction is Irwin Mitchell's first for SIG and was a great team effort.  We are delighted to welcome such an important Yorkshire-based plc as a client of the firm.