LAIDLAW ACCELERATES DEVELOPMENT PLANS WITH FURTHER INVESTMENT FROM INTRINSIC EQUITY

10th June 2018
LAIDLAW ACCELERATES DEVELOPMENT PLANS WITH FURTHER INVESTMENT FROM INTRINSIC EQUITY

Independent specialist architectural solutions business Laidlaw has stepped up the pace of its strategic plan with further significant investment from its shareholders Intrinsic Equity.

Having acquired the business in 2016 following the collapse of Leaderflush Shapland Limited part of LIG, the management team set the ambitious challenge to reorganise and grow the business.

Commenting on the further investment in Laidlaw, Chairman and CEO Steve Lee said: “When we acquired the business we knew that we had a terrific brand with a heritage of 140 years, however, it was evident that under-investment from the old group meant we needed to take a longer-term view. Having already invested in acquiring its Willenhall HQ and a specifiers showroom in London’s Business Design Centre, the company is now set to implement a world class ERP system, Cloud Suite Industrial (CSI). The further investment into the business will allow us to focus on our core activities and build a solid foundation for the future.”

Finance Director, Andy Gratton commented on the implementation of the new ERP system: “Laidlaw needed to invest in a new system for some time and INFOR, the providers of CSI, demonstrated their credentials well ahead of their rivals, they share our vision of world-class customer service.”

Furthermore, the latest investment will accelerate a rejuvenation of the Laidlaw brand over the coming months, including a new website together with a comprehensive product and price guide featuring an extensive range of access control, IFC approved doorsets, balustrades, structural glass and Laidlaw’s industry renowned range of Orbis ironmongery. 

Lee summarised the latest milestone in the new company’s history: “Laidlaw welcomes this investment as we build our company as a market leader. It is now in great shape moving forward at pace as we continue to execute our strategic plan. Our long-standing customers and suppliers have been loyal and continue to support us on our journey. We now have a first-class team, first-class products, supported by a first-class business system.”

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