Heywood Williams: Sale of its plastics division

The Heywood Williams Group has found a buyer for its HW Plastics subsidiary which in a recent review of group activities was deemed non-core to future development. It is to be sold to Latium Plastics Holdings for £3 million.
HW Plastics reckons to be the UK market leader in PVC windows systems and cellular buildings products. It operates two manufacturing plants in Macclesfield and Scunthorpe and a distribution centre in Trentham, with approximately 600 employees. Its sales last year were £65•9 million on which it recorded an operating loss of £4 million.
Latium has cellular building product, window fabrication and installation businesses in the UK.
Heywood Williams’ target is to create a branded building products distribution group. It has strong positions in the North American manufactured housing, recreational vehicle and modular housing markets; in the supply of hardware and door panels to the UK; and in other European window, door and conservatory fabrication markets.

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