Yorkshire glass manufacturer acquired by German investment firm

Yorkshire glass specialist Dual Seal Glass Limited has been aquired by Munich based venture capital enterprise.

Huddersfield-based Dual Seal Glass is an independent processor of high performance vision and insulated spandrel glass panels for the construction industry. The firm was founded in 1995 by the late David Meredith and his son, Nigel.

AEQUITA invests in special situations including corporate carve-outs, successions, and recovery situations across Europe. AEQUITA acquired 100 per cent of the ordinary share capital of Dual Seal Glass in the firm’s third glass operations acquisition in Europe in three years.

Dual Seal Glass joins AEQUITA’s two new business units which were rebranded as vandaglas in 2021 and have total sales of more than €100m. The acquisition of Dual Seal Glass is AEQUITA’s first in the UK and forms part of its investment strategy to create a pan-European glass processing business.

Nigel Meredith, MD of Dual Seal Glass Limited, said: “It was no easy decision to sell the business, especially during a global pandemic, but I’d like to thank the Azets team, both Mark and Tom, who led a sales process that resulted in us receiving a number of competitive offers and, ultimately, a successful sale.

“AEQUITA offers the best overall fit for Dual Seal Glass, with existing operations in Europe and ambitious growth plans for the UK market.

“Dual Seal Glass is well positioned to enter the next phase of its development – and all those involved in the transaction, in particular Mark and Tom, and Alistair Scott-Somers at Progeny, provided expert guidance and highly professional advice throughout the process.

Nigel concluded: “Finally, I would like to thank all the staff at Dual Seal Glass for their continued support as we look ahead to continued success under new ownership.”