PLOUGHCROFT ACQUIRED BY AVONSIDE GROUP IN MAJOR DEAL THAT WILL TAKE ECO-ROOF™ PRODUCT NATIONWIDE
- One of UK’s largest roofing companies acquires Yorkshire-based eco-roofing specialist, Ploughcroft
- Move will see Ploughcroft’s unique Eco-Roof™ expand across the UK
- 25 jobs to be created over next two years, including five apprenticeships
- Deal set to boost Avonside Group’s branch network to 30 across the UK
One of the largest roofing companies in Britain, Avonside Group Services Limited, is today announcing its acquisition of Yorkshire-based eco-roofing specialist, Ploughcroft, in a deal that will see the creation of 25 jobs in the region over the next two years.
The move will see Lancashire-based Avonside, which has 29 branches across the UK, take ownership in Ploughcroft Ltd, with the aim of aggressively expanding into the domestic Yorkshire market, while also taking Ploughcroft’s unique Eco-Roof™ energy-saving roofing product nationwide for the first time.
Ploughcroft will continue to operate under its existing trading name from its Halifax headquarters in Hipperholme while founder, Chris Hopkins, the innovator and driving force behind the company, will continue to run the business, in a new Divisional Director role.
His focus will be on further growing the business in Yorkshire, while rapidly expanding to cover the North West, South Yorkshire, Lancashire, Manchester and Cheshire markets over the next two years.
Since launching in 2007, Ploughcroft has made a name for itself as an entrepreneurial, innovative construction company, with a range of energy efficient roofing systems – including Eco-Roof™ – for domestic homes that pay for themselves through tangible cost savings. With 22 staff, and a turnover of £1.6m, it has been on the radar of Avonside’s MD, Tony Burke, for some time.
Mr Burke, said: “We are extremely pleased to be announcing this exciting acquisition. We have been aware of Ploughcroft and its innovative roofing systems for some time now and the deal will not only bring us a best-in-class eco roof solution, but it will allow us to accelerate our expansion into both the Yorkshire, Lancashire and Cheshire markets. It is also about introducing Ploughcroft’s unique “roof that pays for itself” to our customers in other regions of the UK.”
"Avonside group have recognized for some time that the construction sector must innovate to meet UK carbon saving objectives by 2020, and this acquisition allows us to build on the excellent progress made by Chris, Helen and the team at Ploughcroft, we are looking forward to working closely with them to take full advantage of the position they have established.
Chris Hopkins said: " We are delighted to be joining the Avonside Group, which we believe will allow us to further promote the message of affordable energy efficient roofing systems for the domestic homeowner sector. The scale and resource afforded by being a part of one of the UK’s largest roofing contractors will give us the platform to grow substantially and in a sustainable manner.
Avonside Group Services Limited is one of the UK’s largest specialist roofing contractors with specialist divisions that operate in all major sectors with a forward-thinking vision to deliver best in class roofing.
Ploughcroft is one of the UK’s leading energy efficient home improvement companies, offering a wide range of services including ECO-Roof™, a high-tech insulated roofing system to offer homeowners a highly efficient way to insulate old loft/attic conversions, and the ability to save £400 per year in heating costs. www.ploughcroft.co.uk
About Avonside Group
Avonside Group is one of Britain’s largest roofing contractors, offering true coverage across UK via its 29 strong branch network. The Avonside Group is made up of a family of specialist divisions with a forward-thinking vision to deliver best in class roofing at the point of delivery. These are: Avonside Residential, Avonside Commercial and Industrial Roofing, Avonside Renewables, Avonside Energy and Avonside Home Improvements.