H2 Equity Partners (“H2”) is pleased to announce that it’s portfolio company Eurocell PLC (“Eurocell”), the UK’s leading manufacturer and distributor of PVC-u profiles and roofline products, has listed its shares on the Premium Segment of the London Stock Exchange with unconditional trading commencing on March 9, 2015 using the ticker “ECEL”.
Eurocell generates over £170 million in sales and offers employment to ca. 1,000 FTE. Eurocell’s main manufacturing sites and head office are based in Alfreton, Derbyshire. The company’s Eurocell Profiles division is a leading manufacturer in PVC-u profiles for windows, doors and conservatories as well as roofline products. Eurocell Profiles supplies leading (window) fabricator customers throughout the UK as well as the Building Plastics division of the Group. Eurocell Building Plastics distributes roofline building product and associated products via a network of ca. 130 branches throughout the UK and Ireland; it is the largest specialist building plastics distributor in the country and has grown significantly over recent years.
Eurocell turnover and profitability has greatly improved since the investment by H2 Equity Partners in 2013. The company has stepped up its investment pace and branch roll-out program to accommodate for further growth.
For Eurocell, the listing on the London Stock Exchange represents the next step in the company’s development; while the listing allows H2 Equity Partners to partially realise some of its capital gains whilst retaining exposure to Eurocell and its attractive continuing growth prospects.