Constructor strengthens supply chain with new acquisition

Construction contractor Colmore Tang has strengthened its supply chain with the acquisition of a company based in the West Midlands.

The Birmingham-based group, which forms the construction arm of SevenCapital, has taken a controlling interest in Aldridge-based Stainless Handrail Systems (SHS).

SHS has been in business for more than 25 years and designs, manufactures, supplies and installs handrails, balustrading and glass products.

Andy Robinson, Group CEO of Colmore Tang, said: “We recognised this as a superb opportunity to acquire a successful business that easily integrates into our supply chain.

“SHS has grown quickly over the last few years under the excellent guidance of its founders and this gives us a strong platform to take the business forward and grow both the product range and customer base significantly.

“I would personally like to acknowledge the efforts of the directors who have built a great manufacturing business that is in an excellent position to enter new markets and is prime for continued growth.”

Colmore Tang’s existing relationship with the manufacturer has seen it install SHS products on two of its most-recently completed projects in Birmingham – Fabrick Square in Digbeth and Ridley House, which is situated adjacent to The Mailbox.

“We were really impressed with the quality of the products installed by SHS at Fabrick Square and Ridley House,” added Mr Robinson. “We always take great pride in the finer details and finishing touches of our projects and our acquisition of SHS will only reinforce this further.”

Colmore Tang will look to double turnover for SHS over the next two to three years through a further push into the B2B market.

Mr Robinson said: “With our expertise in the industry we see that there is huge growth potential for SHS to move into new sectors. We are looking forward to working alongside the company’s existing workforce to drive forward an increasingly profitable business.”

Sean Gilbert, who continues as non-executive chairman for SHS, said: “We are really excited about the direction in which the business is moving and we’re very much looking forward to seeing it flourish as part of the Colmore Tang Group.”

Established in 2013, Colmore Tang has grown from an initial team of three to a business on-track to turnover circa £80m in 2017/18.

To date, the business has delivered 1.45 million sq ft of construction projects across 1,500 residential units, a 253-bedroom four-star hotel – the first Park Regis hotel in Europe – 100,000 sq ft of BREEAM-certified industrial units and substantial high-end interior refurbishments.

The contractor currently has a pipeline of work through until 2021.