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Balance for Business advises Nordic Installations on site acquisition

Finance, News from Balance

Plymouth based architectural aluminium company the Nordic Installations has positioned itself for further growth by acquiring a business and moving to larger premises.

The company, who specialises in supplying high quality aluminium windows, doors and curtain wall solutions in the commercial marketplace, has completed the purchase of Plym Valley Manufacturing.  As part of the deal, Nordic will be moving its entire operation from Forresters Business Park in Estover to Plym Valley’s former premises on the outskirts of Plymouth at Darklake Close.

The purchase continues the impressive rate of growth for Nordic that was started up by directors Graham Shaddick and Chris Northam in 2007.  The company has grown from its two founders to nearly 30 staff by forging established relationships with architects and quantity surveyors and reliably supplying to the likes of Midas, Interserve, Ryearch, Leadbitter and Balfour Beatty on major projects across the South West.

Graham Shaddick said: “We’re delighted to complete this purchase, welcome staff from Plym Valley to Nordic and look forward to operating from such a scenic location. We had long outgrown our facility at Forresters and this gives us room to grow in an increasingly optimistic business environment.”

Chris Northam said: “We’ve worked extremely hard to build the business during tough times and would like to pay tribute to our families, dedicated staff, loyal customers and professional advisers for believing in our vision.”

The company was advised on the acquisition by Dave Ottley of Balance, Mark Whittaker at Mark Holt & Co and Stuart Brandon of Lloyds.

Refurbishment work is underway at the 5,500 sq ft new premises and Nordic anticipates fully moving in later this year.

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