Partner Article
Northumberland rooflight manufacturer Xtralite acquired by JET Group
Northumberland-based Xtralite, one of the UK’s largest manufacturers of customised rooflights and structural glazing, has been acquired by German-headquartered rooflight giant JET Group for an undisclosed fee.
Xtralite’s founder Bob Tweedy, who launched the firm 24 years ago in 1993, will continue to play an active role in the business.
He commented: “This partnership with JET Group ensures a bright future for all at Xtralite and allows us to tap into the vast resource JET Group has to offer.”
Newcastle law firm Hay & Kilner advised Xtralite’s management team throughout the sale, with corporate finance partner, Mark Adams, leading the deal.
Mark commented: “We have worked with Bob and the rest of the management team for many years, supporting the company as they expanded.
“This marks the start of a new and exciting phase for Xtralite and we wish them every success.”
Bob added: “I’m looking forward to seeing Xtralite thrive with its new found relationships.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs