Camlee Group advises on Xtralite’s acquisition by The Jet Group
17 Jan 2017
With effect as of 14th December 2016, the JET Group (Hüllhorst, Germany), which is active throughout Europe, acquired 100 percent of the shares in the company Xtralite Rooflights Ltd.
The company is based in Northumberland and employs about 90 people. Xtralite is one of the largest manufacturers in the field of customized rooflights as well as structural glazing solutions in the United Kingdom. The company was founded in 1993 and has been in private hands up to now. The company founder Bob Tweedy and board members will continue to play an active part in the company. “We are very enthusiastic about the technical competence and strong brand reputation of Xtralite,” emphasizes Eric Pans, CEO of the JET Group.” Bob Tweedy adds “Such a Partnership ensures a bright future for all at Xtralite and allows us to tap into the vast resource JET Group has to offer.” Xtralite’s portfolio is complementary to the products and services from JET Cox Ltd. in Wednesbury. Both companies will operate independent from each other and continue to serve their market segments.
Bob Tweedy said “I’m looking forward to seeing Xtralite thrive with its new found relationships and want to thank Camlee for their consistent support and dedication throughout the process”.
Advising Bob on behalf of Camlee were Director Lee Wojtkiw and Corporate Finance Executive, Christian Hitchen, who worked closely with the team throughout. Christian commented “We couldn’t be more pleased for Bob and the Company. The deal reflects a genuinely fantastic result both for our clients and the company going forward and wish both Xtralite and Jet Group all the best for the future.”