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SIG in £45m swoop

Roofing and interiors firm SIG has bought commercial interiors manufacturer LS Group for £45.3 million.
LS Group, which operates from three sites in Barnstaple, Langley Mill and Sheffield, employs 560 people.

The firm, which specialises in door sets for non residential buildings, has a turnover of £37 million and made a pre-tax profit of £5.5 million in the year to April 2004.

The move for LS Group brings SIG's spending spree to £72 million on nine acquisitions so far this year.

SIG chief executive David Williams said: 'LS provides an important

extension to our existing commercial interiors product range. It concentrates on

the growth market of specialist door sets, especially where fire, acoustic and

high security performance requirements exist.'

He added that SIG's profits were set to be 30 per cent higher than last year following a strong trading performance.

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