Window Widgets (2006) Limited, which includes The Residence Collection of premium windows and doors, has been acquired by the existing UK management team from USA-based Masonite International Corporation. The terms of the deal were not announced.
The UK management team includes Sarah Hitchings (Sales and Marketing Director), Michael Hart (Technical Director), Richard Bonner (Operations Director) and Gregory Pigott (Finance and Commercial Director).
There are two distinct part to the business, firstly Windows Widgets, who supply a wide range of accessories and ancillaries to over 800 window fabricators across the UK, including in-house manufactured and CE Marked baypole jacks. For nineteen years this business has been carefully diversifying its product range in becoming the trusted number one component supplier of its kind to the aluminium and PVCu window and door markets.
In 2012, Window Widgets launched what was to become a defining window system in the form of Residence 9 and today it forms part of The Residence Collection of design-led PVCu window and door systems, with true consumer appeal. These systems have already become the industry benchmark for product design and colour.
This change in ownership will see the business revert back to an owner/managed entity that will be built on entrepreneurial flair and spirit. Under the new ownership, the directors are already looking to implement an investment programme to support further growth, with bold ambitions for the future direction of the business.
The deal completed on the 13th December 2019 and was led by the UK management team with financial advice from Cattaneo Corporate Finance, legal advice from Legal Clarity and financial support from Shawbrook Bank.
Sarah Hitchings, sales and marketing director of Window Widgets and The Residence Collection commented: ‘I along with the other three directors of this business are thrilled with the deal, something that’s good for the workforce and within the market sectors we operate in. We now have an opportunity to invest, innovate and realise the considerable potential of this business and we’re eager to put our plans in place and to drive this business further forward.’