Wednesday, December 2, 2020

Property group acquires sash window company

Leeds-headquartered RFM Group has acquired Ventrolla, a wooden sash window repair, manufacturing and installation business, from ERA Home Security Limited, a supplier of engineered components to the UK door and window industry.

Ventrolla has factories in Harrogate and London totalling over 30,000 square feet, operates nationwide, and has sold over 100,000 sash windows.

Ventrolla employs 75 staff across both sites, who will all transfer as part of the deal. The company was founded in 1983 by Robert Tunnicliffe, a former engineer for Ford Motors.

Following the acquisition, RFM has announced plans to invest in both a new showroom and a training academy at Ventrolla’s Harrogate headquarters.

Ian Flanagan, RFM Group CEO, says: “Ventrolla’s craftsmanship and modern engineering complement RFM Group’s world-class technology and property expertise. Their quality products and the high esteem in which both customers and the industry hold them is second to none. Alongside their talented team, I see great potential to develop their offering further by utilising RFM’s robust processes and smart technology.”

Jarrod Marchant, Ventrolla Managing Director, says: “RFM Group’s level of technology and appetite for growth is refreshing, it is fantastic to be part of a truly integrated property company. Capitalising on our 21st Century machining and traditional handcrafted skills, we look forward to building on Ventrolla’s 37-year history.”

RFM Group were advised by Chris Silverwood of Harrogate based corporate finance advisors, CorpFin, with legal support provided by Adrian Ballam of Wardhadaway.

Chris Silverwood, CorpFin Corporate Financier, says: “Even in these challenging times, M&A transactions are continuing to be completed and this transaction was a particularly satisfying one to get away as it was on our home turf. I am sure that under the ownership of the RFM Group that Ventrolla will go from strength-to-strength.”

ERA Home Security Limited were advised by Will Arnold and John O’Gara of corporate finance advisors, Sentio Partners, with legal support provided by Guy Hopson of Hopson Solicitors.

The purchase of Ventrolla is RFM Group’s third acquisition in twelve months with other deals currently in discussion. It follows RFM’s recent purchase of the Leeds-based Hevertech brand earlier this year and the successful acquisition of Ashlynn (Yorkshire) Ltd who became part of the RFM Group in 2019.

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