Flintshire PVC window manufacturer Rooms & Views (R&V) has entered a new phase of growth after securing a £3.75m investment from private equity and infrastructure investment manager Foresight Group .
R&V, which has a secondary manufacturing site in Tredegar, South Wales, supplies homebuilders and tradesmen directly through a network of depots across Wales and the West Midlands. The company works with over 40 home builders and offers an expanding in-house design team as well as its basic fabrication and installation services.
It operates over 40,000 square feet of manufacturing space, employs over 150 people and manufactures over 60,000 windows per year.
Foresight acquired a majority stake in the company along with chief executive Kevin McClure and the remaining management team. With Foresight’s investment, the company will seek to accelerate its growth by establishing additional manufacturing capacity and deploying trading posts; allowing the exploration of adjacent sectors.
The investment was made through Foresight’s Regional Investment Fund III, which is managed by Foresight’s UK-wide private equity team, with an office in Manchester dedicated to support the deployment of the fund.
Matt Pomroy, Director of Foresight Group, said: “Our investment in Rooms & Views will help the business continue to support the economy in North and South Wales, creating valuable skilled employment opportunities.
“Additionally, at a time when energy conservation has never been more important, the company’s products are an essential tool to support the creation of more energy-efficient homes and buildings, helping families and companies to realize vital savings.
“We are also delighted to have David Leng join the Board of Rooms and Views as non-executive chairman. David brings extensive industry experience with industry leading companies including Eurocell, Synseal and Customade. »
Mr. McClure said: “I am excited about our future with Foresight. I believe that working together will help drive the business forward even further and accelerate growth, thanks to a strong, financially sound and extremely well managed organization.
“My commitment has always been to deliver our products effectively and efficiently for the benefit of our customers, and to generate employment opportunities to drive future business growth – with the help and resources of Foresight behind us. , we will unleash the potential to achieve even greater success.”