Birmingham-based manufacturer Fusion Windows and Doors has been acquired in a major deal that could see their annual turnover reach £2 million within the next two years.
Currently operating from a 10,000 sq ft manufacturing unit at Hubert Street in Aston, Fusion’s acquisition by Key Land Captial was confirmed earlier today.
Director of Key Land Investments Kevin Patrick Sharkey, said: “We have identified Fusion as offering a business which offers great opportunities to grow. It complements our own property development business, and we plan to use Fusion products on some of our projects. However, we also believe there is a strong demand for these products at commercial and residential developments right across the UK, and it is this relatively untapped market that we intend to target.”
Mr Sharkey believes that Fusion is in a strong position to take advantage of a buoyant commercial and residential property market with its wide range of aluminium door and window products.
Kevin speculates that Fusion’s annual turnover (currently £750,000) could break the £5m mark within three to five years with the help of a ‘high pedigree’ management team currently being assembled by Key Land.
Key Land PLC is divided into two ventures; it’s ‘Developments’ department is currently delivering residential projects worth more than £40m across the West Midlands while their ‘Investments’ division also owns a start-up online accountancy business named ‘Sidekick’, providing a range of accountancy services for small businesses, tradesmen and contractors.
Growing from humble beginnings with a team of just ten staff Sidekick recently signed its 400th client after only one year of operation.