In Brief: SIG; SYHA Enterprises; Adwick Leisure Centre; MKM; The Laser Cutting Co

BUILDING products group SIG has acquired Sodimat SAS, a specialist distributor of flat roofing products in France, for €4.4m in cash.

For the financial year ended December 2013 Lyon-based Sodimat SAS made a pre-tax profit of €0.55m and gross assets were €1.4m.

This acquisition is in line with Sheffield-based SIG’s strategy of expanding its French roofing business, Lariviere, in the South of France, and strengthening its offering in flat roofing, which SIG said it believes to be an attractive segment of the market.

Sodimat SAS is being sold by the Sitbon family, who founded the business.

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SYHA Enterprises has acquired a lettings and estate agency business.
 
SYHA Enterprises is a subsidiary of South Yorkshire Housing Association, which was founded in 1972.  It has bought Craven Estate Agents and Snarey Lettings (which previously traded as Winkworths).  SYHA Enterprises’s estate and lettings agency division is Crucible Homes, which following this acquisition now has branches in Sheffield, Wickersley, Parkgate and Chapeltown.
 
Taylor & Emmet’s corporate team advised on the deal. Advice was provided by Peter Crawford and Caroline Thomas.  Charlotte Harris supported on the commercial property aspects of the deal.
 
Crawford said: “SYHA Enterprises is the ideal acquirer for the Craven Estate Agents and Snarey Lettings businesses.  It has been a pleasure to work with SYHA Enterprises on another acquisition and the addition of these businesses to its expanding operations should prove very successful.”
 
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WORK to improve Adwick Leisure Centre is due to start on Monday.
 
Doncaster Culture and Leisure Trust, which runs the leisure venue, has obtained funding through Alliance Leisure to give the centre a refurbishment.
 
Plans will see the gym area doubled, a new dedicated studio space created and the addition of a 10-pin Bowling Alley and children’s soft play area.
 
Michael Hart, chief executive of Doncaster Culture and Leisure Trust, said: “This is a major project for Adwick and one which we believe will improve use of the centre.”

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BUILDERS’ merchant MKM Building Supplies is celebrating the 10th anniversary of its Beverley branch with the launch of a new kitchen and bathroom showroom in the town.

The business has invested £30,000 to create the showroom at its Swinemoor Lane base, which is aimed at the region’s trade and retail markets.

Beverley branch director Andy Beet said: “We wanted to do something big to mark our 10th anniversary in Beverley and what better way than to launch a new showroom aimed at both our trade customers and also the retail sector?”

MKM Building Supplies was founded in Hull in 1995 by David Kilburn and Peter Murray and since that time has grown to be the UK’s largest independent builders’ merchant. It has 42 branches across Britain including six in East Yorkshire at Anlaby, Beverley, Bridlington, Driffield, Goole and Hull. 

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THE Laser Cutting Co has invested almost £1m in new machinery.

The Sheffield-based business said the investment will provide customers with greater production security and also cost-effective manufacture of complex tube components. The new machine has been brought in to replace a dated and less efficient laser and will complement the three existing tube lasers and two flatbed lasers already on-site.