Glass News August 2014

Page 1

SEE FROM PAGE 95

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Epwin to

With revenues in the year to 31 December 2013 of £264 million and Adjusted EBITDA of £21 million, the Epwin Group has announced its intention to float on AIM.

Epwin is a vertically integrated manufacturer of extrusions, mouldings and fabricated low maintenance building products, supplying the repair/maintenance/improvement, new build property and social housing sectors. It is believed that admission to trading on AIM will provide an increased profile for the Group and its brands, a strengthened balance

sheet, and the ability to use AIM quoted shares as currency for acquisitions. The company will also be completing a vendor placing. The Placing and the Vendor Placing together will raise a total of £94 million. The expected net proceeds for the Group under the Placing will be £10 million and will be used to repay a proportion of the debt within the business, in combination with new debt facilities raised of £25 million. The reduced gearing within the Group, as well as the resulting reduced annual interest burden, will allow management to operate the business with greater flexibility and result in increased cash generation.

Distribution to: Window, Door & Conservatory Roof Fabricators & Installers, IGU Manufacturers & all associated with glass & glazing industry.

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Issue 41 | August 2014

S! CU FO

float on AIM

The UK’s Leading Industry Newspaper

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PAGE 13

PAGE 92

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