STEVENSWOODFebruary 2015 | Investment News
One of Scotland’s largest manufacturers of PVCu and aluminium windows, doors and conservatories - Stevenswood - is expanding its production capacity and network of trade counters across the country thanks to a £3.5m investment of growth capital from BGF.
The £11m turnover business, which manufactures more than 1,000 windows and doors per week, currently sells its bespoke manufactured products through its trade counters in Edinburgh, Glasgow, Aberdeen, Kilmarnock, Dundee and at its headquarters in Livingston.
The £3.5m investment from BGF will see Stevenswood open additional trade counters across Scotland, as well as expanding its kitchen operations to meet the growing demand for its quality products.
BGF took a minority stake in Stevenswood with Patrick Graham joining the board as investor director. The board has been bolstered with the appointment of David Pearson as chairman and Murray McGarvie as finance director.
Pearson brings extensive experience of working with institutionally backed manufacturing businesses. He is the current chairman of Nenplas Ltd and DPP Ltd. In his earlier career, David was the group commercial director of Focus Wickes.
McGarvie is an experienced finance director with a proven track record in both manufacturing and retail businesses.
The Livingston-based business was founded in 1997 by the current managing director Ron Hepburn and his now retired business partner Dave Flynn, initially focussing on the installation of windows and doors. It was the first company in Scotland to offer 70mm fully sculptured frames that are now the industry standard.
The strategic recruitment of director Duncan Murray in the year 2000 moved the direction of the business to focus on manufacturing its own products. During the last decade it has invested more than £1.6m in a new site and state-of-the-art machinery. All manufacturing now takes place at its industrial facilities on a five-acre site in Houston Industrial Estates in Livingston.