Modular Group Investments (MGI) completes acquisition of Oakland Glass Ltd
We are delighted to announce the acquisition of Oakland Glass Ltd by Modular Group Investments (MGI) Ltd. This is a key strategic addition to our Group which adds significant capacity and capability in insulated double glazed unit production. This acquisition provides established routes to market for Oakland Glass through MGI’s existing and future channels.
Oakland Glass was established in 1986, providing high quality IGU’s to the market, who have steadily grown into a market leader in its field. They combine their traditional values and expertise to provide ‘A Service That’s First Class’, and who have established strong long standing relationships with customers, suppliers and employees.
MGI purchased the entire share capital of Oakland Glass Ltd. The transaction closed on 8th February 2023.
Michael Garratt, founder at MGI said: “I am very excited to add Oakland Glass LTD to our group and to have the opportunity to build upon what the team have created. We look forward to a promising future together; MGI plan to acquire more componentry manufacturing business this year to continue to diversify our product portfolio but also strengthen our customer relationships by offering more products and service.”
Giles Richell, Group CEO at MGI said: “This is a great addition to the MGI Group and provides a depth and scale of vertical integration that we believe is unmatched by our competition. This will allow us to supply our multiple construction markets with the best service and most competitive solutions in the industry.”
Amanda Falsey will be continuing in her role as Managing Director and Tina Moorhouse will stay on in her capacity as Oakland Sales Director. We very much welcome Amanda and her team to the MGI group and look forward to working with them and growing the business further with our help and support.