Timbmet acquires stake in AccentHansen
Published: 16 March, 2010
OXFORD: AccentHansen, one of the UK's market-leading steel and glazed door manufacturers and installers, has sold part of its business to Timbmet Door Solutions (TDSL). This ‘marriage’ of companies is anticipated to create a premier provider of doors, offering a complete door solution package from timber, steel, glass as well as fire screens, all from the same company.
Both companies pride themselves on the quality of their products and their customer service.
TDSL will bring an extensive sales operation with an established network of good relationships with clients throughout the UK and will build on the Hansen Group development of AccentHansen to create the leading player in the steel door market.
AccentHansen is also benefitting from major investment having recently installed a new Rainer CNC punch and most recently a new Salvagnini P4 panel bender.
To further develop the AccentHansen business it has also invested in selected assets from the Watsons Glass business that will enable it to produce fire-rated screens and doorsets, which will be a valuable addition to its product range.
Mark Mallen, managing director of AccentHansen said “This really is a match made in heaven and we are delighted to welcome TDSL into our fold. TDSL have a very similar ethos to AccentHansen and the acquisition opens up a new customer base and a vast array of opportunities. Our customers know we have great products and we know that TDSL do too.”
Ash Malhan, chief executive officer of TDSL said “AccentHansen are very well respected for the quality of their products and have a fantastic business where customers keep coming back for more. The acquisition gives AccentHansen access to our wide distribution network and an expanded sales reach, while opening up a whole new range of products to the TDSL Group. We are looking forward to working together.”
Hans Kolby Hansen, chief executive officer of Hansen Group added “AccentHansen has been very successful in the last 18 months, despite the recession, and this is down to the commitment of the team and our continued investment in new technology and machinery. The part sale of the business to TDSL made perfect sense as although they operate in similar markets they have very different customers and different product solutions. The cross-selling opportunities open to both companies are immense.”