Pennine strengthens its position with change of ownership
Leading North East retailer, Pennine Home Improvements Ltd, has today announced a change in ownership on the back of increasingly successful trading results.
The Newcastle-based design and installation business, which has showrooms in Benton, Gosforth Park, Birtley and Ponteland, has been purchased by The Conservatory Outlet Group, with whom it has had an extremely close and successful customer-supplier relationship for the past three years.
Pennine specialises in the design and installation of high quality conservatories, orangeries, replacement conservatory roofs, windows and doors throughout the North East. The company has been owned by parent company Crownfold Ltd since 2008, and currently has around 150 staff across its four sites.
Mark Tinnion will succeed Graham Auld as Managing Director of the firm moving on from his previous position of Brand Director. Born and raised in Newcastle, Mark will continue with the company’s ethos of localised excellence, having played a central role in the company’s achievements over the past 5 years.
Mark says “I’m delighted to be taking on the role of Managing Director at Pennine, and whilst it’s very much business as usual for us, this represents a fantastic opportunity to accelerate both the growth and advancement of the business which we were already planning for; it is great news for the business and great news for our customers.”
Pennine has long been a trusted local brand in the region, with thousands of house-proud North East homeowners turning to the company every year to help add value to their properties due to its commitment to high quality products and service excellence.
As one of the top 2% of fabricators in the UK by volume, the new owner of Pennine Conservatory Outlet Group - manufactures high-quality windows, doors and conservatory products, supplying to a retail network of 24 independent installation companies that operate across the UK.
Greg Kane, CEO of the Conservatory Outlet Group concludes: “Pennine has been part of our Network of retailers for just over three years, and has experienced an impressive 30% growth in that time, largely due to its highly committed team, progressive attitude and excellent customer service. We’re delighted to be supporting the team at Pennine through the next stages of growth, continuing to expand the company’s retail presence across the North East. We specifically selected Pennine as an acquisition because of the strength of the business both financially and in terms of the quality of its brand, staff and infrastructure. These are very exciting times for the company and we are delighted to be part of that.”
For further information on Pennine Home Improvements, visit pennineconservatories.com
For further information on Conservatory Outlet, visit conservatoryoutlet.co.uk.
This was posted in Bdaily's Members' News section by Harvey and Hugo .
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