Graphite invested in PTPG as it believed that, while the building products sector would be adversely affected by the recession, this would create attractive consolidation opportunities.
PTPG had acquired Mumford & Wood, a manufacturer and distributor of high-quality timber windows and doors, in 2006. Our investment enabled it to acquire timberwindows.com, a fast growing distributor of timber windows and doors through a national network of showrooms.
Graphite provided further equity in 2010 to finance the acquisition of Dale, a timber window supplier to consumers and installers through the builders’ merchant channel. As a result, the group has a strong offering of timber windows and doors across all key distribution channels. Under Graphite’s ownership, significant investment has been made in the group’s manufacturing and distribution capabilities. PTPG is therefore well positioned for future growth both organically and through further acquisition.