A Scunthorpe construction materials manufacturer has been bought out by an international investment house keen to expand operations.
Premier Sealant Systems has been acquired by recently-launched venture capital and private equity firm Red Coast Industries, from the two remaining founding directors, John Burns and Peter Duffy.
The company has produced profiled foam fillers and supplied core sealing products used in the roofing, cladding, glazing, coldstore and maintenance sectors since it launched in 1994. It has forged strong working relationships with the nation’s largest roofing manufacturers and contractors, with the 30-strong team - led by managing director Stewart Morgan for the past five years - having delivered a strong period of growth.
