Synseal: Purchase of Permacell Finesse

British window systems manufacturer Synseal Holdings, UK, has paid The Laird Group, UK, GBP 10.25m (around EUR 15m) for Permacell Finesse, a manufacturer of rigid and cellular PVC profiles for the UK window market. Based in Witham, Essex, Permacell achieved an operating profit of GBP 1.4m on a turnover of GBP 30.6m in 2004, but was not considered a core activity by Laird as it did not hold a leading position in the market. Assets for the purchase are valued at GBP 12m. According to chairman Gary Dutton, the deal will promote Synseal to UK market leader for PVC windows, based on tonnage produced in 2004.

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