Thermoseal: new financial deal

The UK“s ThermosealGroup, a leading manufacturer and supplier of components for use in the construction of double glazed windows has received financial backing from Barclays Commercial Bank.
The Bir…

The UK“s ThermosealGroup, a leading manufacturer and supplier of components for use in the construction of double glazed windows has received financial backing from Barclays Commercial Bank. The Birmingham-based Group, established in 1979, manufacturers and distributes over 2,000 sealed unit components and has a market share of around 38%. This latest funding will enable the company to focus on research and development with the installation of new equipment at its innovation centre in Wigan. This development will also create a further eight jobs working to develop components that are energy saving and will contribute to the Government“s aim for households to be 100% carbon neutral by 2050. Gwain Paterson, managing director at Thermoseal, said: We started out as a relatively small engineering company before we identified a niche in the window industry. Now at the forefront of the glazing components market, we are continually developing new ideas to meet the current energy rating requirements. These ideas will now be engineered and brought to market from our new innovation centre in Wigan. Our aim now is to look at export markets and to grow our market share further. Richard Fray, relationship director at Barclays Commercial Bank said: Thermoseal Group has gone from strength to strength over the years. This is down to their ability to spot opportunities and to continually research and develop their product offering. I am delighted that we have been able to support them in their latest stage of development.