Glen Dimplex acquires Metal Fab Industries
Effective October 2006, Glen Dimplex acquires a 65% shareholding in Metal Fab Industries Limited (“Metalfab”).
The Glen Dimplex Group has acquired a 65% shareholding in Metalfab from its founding shareholders, Colin Mitten and Brendon Massey. Metalfab is based in Auckland, New Zealand and has an Australian subsidiary Metal Fab Pty Limited based in Melbourne.
Metalfab manufactures and distributes gas and wood burning fireplaces and stoves which are sold under the Masport and Logaire brand names.
It has a turnover of NZ$30 million (Euro 15 million) and employs 120 people.
Colin Mitten and Brendon Massey remain with the business in their current roles as Chief Executive Officer and Finance Director respectively.
Glen Dimplex Chief Executive, Sean O’Driscoll said “we are delighted to have invested in Metalfab and in its Masport and Logaire brands. We see a significant opportunity in increasing sales of the Glen Dimplex Groups patented Optiflame ® and Electraflame ®, and electric fires in New Zealand and Australia through the Metalfab distribution system. We look forward to working with our new colleagues to further grow and develop the Metalfab business.”
The Glen Dimplex Group is the Worlds no. 1 in electric heating and electric fires. It also holds significant worldwide market positions in gas and electric cooking appliances, small domestic appliances and sustainable, renewable energy appliances.
Group turnover exceeds NZ$3 billion (Euro 1.5 billion) with 8,500 employees worldwide. Included in the Groups business portfolio are brands such as Dimplex, Morphy Richards, Stoves, Belling, Nobo and Noirot.
For further information contact Sean O’Driscoll, Group Chief Executive at Glen Dimplex Group, Dublin, Ireland, + 3531 2838277
