SIG plc
Encyclopedia
SIG plc is a British
-based international supplier of insulation
, roofing, commercial interiors and specialist construction products. It is listed on the London Stock Exchange
and is a constituent of the FTSE 250 Index
.
as Sheffield Insulations Limited. His son Norman Adsetts
joined the firm in 1966 becoming Managing Director in 1970 and then Chairman in 1985. The Company was first listed on the London Stock Exchange
in 1989 when it became Sheffield Insulations Group plc.
The Company expanded rapidly in the early 1990s acquiring CDL, a UK
supplier of ceilings products, in 1990, Freeman Group, a large British
insulation distributor, and Isokauf in Germany
in 1994 and Komfort Systems, a supplier of partition systems for offices, in 1995.
The Company was renamed SIG plc in 1995. Norman Adsetts
retired the following year.
Acquisitions in the late 1990s included WKT and Golinski of Germany
in 1996, and Asphaltic, a major UK
roofing supplier, CP Supplies and Branton Industries and Distribution International in the USA in 1997.
In 2000 the Company bought Nouwens Group in the Netherlands
and in 2001 it bought Capco, suppliers of interiors, roofing and insulation in the UK
and Ireland
. This was followed in 2002 by the acquisition of AM Proos and Clydesdale Roofing Supplies.
In 2002, David Williams was appointed Chief Executive.
In 2004 the Company bought Orion Trent Insulation, another UK
distributor, with Leaderflush Shapland (formerly LS Group), a manufacturer of door sets for hospitals following in 2005. It bought Wodan and WIG in Poland
and exited the USA in 2006.
The acquisition of Lariviere came in 2007, allowing the Company to enter the French
roofing market. Also in 2007 General Fixings, based in Bristol
, was acquired .
In 2008 it bought Air Trade Centre International B.V., a Dutch
air conditioning
business.
Also in 2008 David Williams retired with Chris Davies taking his place as Chief Executive.
.
In 2007, SIG moved into the refractory business, by obtaining MacGregor and Moir, one of the UK and Europe's leading specialists of high temperature insulation and refractory solutions.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based international supplier of insulation
Building insulation
building insulation refers broadly to any object in a building used as insulation for any purpose. While the majority of insulation in buildings is for thermal purposes, the term also applies to acoustic insulation, fire insulation, and impact insulation...
, roofing, commercial interiors and specialist construction products. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The Company was founded by Ernest Adsetts in 1957 in SheffieldSheffield
Sheffield is a city and metropolitan borough of South Yorkshire, England. Its name derives from the River Sheaf, which runs through the city. Historically a part of the West Riding of Yorkshire, and with some of its southern suburbs annexed from Derbyshire, the city has grown from its largely...
as Sheffield Insulations Limited. His son Norman Adsetts
Norman Adsetts
Sir Norman Adsetts OBE transformed SIG plc, which he joined in 1966 and ran as Managing Director from 1970 to 1996, from a small family firm into the biggest distributor of insulating materials in Europe.-Early years:...
joined the firm in 1966 becoming Managing Director in 1970 and then Chairman in 1985. The Company was first listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1989 when it became Sheffield Insulations Group plc.
The Company expanded rapidly in the early 1990s acquiring CDL, a UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
supplier of ceilings products, in 1990, Freeman Group, a large British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
insulation distributor, and Isokauf in Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
in 1994 and Komfort Systems, a supplier of partition systems for offices, in 1995.
The Company was renamed SIG plc in 1995. Norman Adsetts
Norman Adsetts
Sir Norman Adsetts OBE transformed SIG plc, which he joined in 1966 and ran as Managing Director from 1970 to 1996, from a small family firm into the biggest distributor of insulating materials in Europe.-Early years:...
retired the following year.
Acquisitions in the late 1990s included WKT and Golinski of Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
in 1996, and Asphaltic, a major UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
roofing supplier, CP Supplies and Branton Industries and Distribution International in the USA in 1997.
In 2000 the Company bought Nouwens Group in the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
and in 2001 it bought Capco, suppliers of interiors, roofing and insulation in the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and Ireland
Ireland
Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
. This was followed in 2002 by the acquisition of AM Proos and Clydesdale Roofing Supplies.
In 2002, David Williams was appointed Chief Executive.
In 2004 the Company bought Orion Trent Insulation, another UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
distributor, with Leaderflush Shapland (formerly LS Group), a manufacturer of door sets for hospitals following in 2005. It bought Wodan and WIG in Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
and exited the USA in 2006.
The acquisition of Lariviere came in 2007, allowing the Company to enter the French
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
roofing market. Also in 2007 General Fixings, based in Bristol
Bristol
Bristol is a city, unitary authority area and ceremonial county in South West England, with an estimated population of 433,100 for the unitary authority in 2009, and a surrounding Larger Urban Zone with an estimated 1,070,000 residents in 2007...
, was acquired .
In 2008 it bought Air Trade Centre International B.V., a Dutch
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
air conditioning
Air conditioning
An air conditioner is a home appliance, system, or mechanism designed to dehumidify and extract heat from an area. The cooling is done using a simple refrigeration cycle...
business.
Also in 2008 David Williams retired with Chris Davies taking his place as Chief Executive.
Operations
The Company serves a wide range of markets across the building, construction, petro-chemical and process sectors from premises in SheffieldSheffield
Sheffield is a city and metropolitan borough of South Yorkshire, England. Its name derives from the River Sheaf, which runs through the city. Historically a part of the West Riding of Yorkshire, and with some of its southern suburbs annexed from Derbyshire, the city has grown from its largely...
.
In 2007, SIG moved into the refractory business, by obtaining MacGregor and Moir, one of the UK and Europe's leading specialists of high temperature insulation and refractory solutions.