TN International (TNi), owner of Scottish insulation manufacturer Superglass, has acquired bitumen roofing manufacturer Chesterfelt in a multi-million pound deal.
The deal has been described as adding production capacity to TNi’s building product portfolio, complementing the company’s ability to provide construction sector customers with an ‘integrated solution’ for the protection of buildings.
The addition of a UK-based production facility in the roofing sector has been tipped to bring environmental benefits of reduced transport and service and logistics advantages to UK customers.
TN International currently works across residential, commercial and infrastructure sectors, including schools, hospitals, and other public facilities.
Established in 1978, Chesterfelt has over 40 years’ experience manufacturing and distributing bituminous waterproofing products from a manufacturing and warehousing facility in Chesterfield, Derbyshire. The company has 30 employees and supplies a variety of roofing projects from domestic properties to large industrial buildings.
TN International confirmed there will be no job losses as a result of the acquisition.
The company’s Superglass facility in Stirling has an annual production capacity of 60,000 tons of glass wool insulation, following a £37 million redevelopment in 2019.
Theresa McLean, area director of TN International for UK & Ireland, said, “Chesterfelt is a highly respected brand within the UK’s roofing market and will complement our existing manufacturing expertise for glass wool insulation in the UK. Increasingly our customers in the construction industry are looking for whole building envelope solutions, and this acquisition is another key advance in TNi’s ability to meet those requirements.
“Alongside our broader suite of brands and products, we have the technologies to create ideal living and working environments, to safeguard people and property from the elements, and to reduce energy use and carbon emissions. Moreover, this acquisition is yet another indication of TN International’s belief in, and commitment to, the UK construction industry, following the recent £37m refurbishment of the Superglass plant.
“This acquisition, while important in itself, is also a milestone in a much broader future investment plan in the UK market.”
Tom Yeo, MD of Chesterfelt, added, “We are delighted to conclude the agreement with TN International, which continues the success story of Chesterfelt. We are proud of the heritage and success of the Chesterfelt business, and the service we have provided to our customers over the last 43 years. We are confident that the range and scale of TNi make it a strong fit that will propel the Chesterfelt business and its people to even greater advances in the future.”