Building products group Epwin has acquired Tamworth-based Stormking Plastics for £27 million.
Listed group Epwin is based in Solihull and manufactures extrusions, mouldings and fabricated low maintenance building products while Stormking Plastics supplies moulded glass reinforced plastic building components to the house building and construction industries.
Its product range includes dormers, chimneys, bay window roofs and entrance canopies.
Epwin said the acquisition was in line with its strategy to broaden its range of low maintenance building products, its technical capabilities and routes to market.
Stormking was founded in 1985 by Gary King and Barry Whitehall, both of whom have recently retired and handed over day-to-day management to a new team which will now take the business forward as part of Epwin Group.
It posted turnover of £22.8 million in 2014/15 and is expected to surpass the £25 million mark in the current financial year.
Epwin's chief executive Jon Bednall said: "I am delighted to announce the acquisition of Stormking Plastics and extend a warm welcome to the group to the team there.
"Stormking adds further to the group's range of low maintenance building products as well as the plastics materials technologies that we can draw upon.
"The acquisition represents a further significant step in the development of the group and is expected to enhance earnings in 2016."
Mark Stokes, managing director of Stormking Plastics, added: "Joining Epwin Group is excellent news for the future of Stormking Plastics, its employees and customers.
"It will enable us to build on the strong foundations laid over more than 30 years by Gary and Barry and gives us the opportunity to expand our product range as well as develop further routes to market in the future.
"It is business as usual for everyone at Stormking, now with the knowledge that Epwin is committed to supporting the continued development of the business and maintaining the development of the existing operations."
