CUPA Group, manufacturer of natural slate products, has acquired the remaining share capital in Burton Roofing Merchants Ltd, one of the largest independent distributors of roofing materials in the UK, from the Estate of Peter Burton, and it now owns 100% of the company.
CUPA first invested in Burton Roofing in 2008 and since then, the company has grown significantly. Burton Roofing’s recent acquisition of Brian Gow Roofing Warehouse Ltd, the South-East distributor specialising in roofing materials, will further consolidate its position in the UK market, adding three new distribution warehouses in South East England and bringing total aggregate turnover to approximately £60 million.
The CEO of CUPA Group, Javier Fernández, said: “With the addition of Brian Gow, Burton Roofing will significantly expand its local presence in South East England, consolidating its position as one of the UK’s largest independent specialist distributor of roofing materials. Led by Paul Hattee, the company will operate 13 distribution centers across the UK, making it an attractive partner for the construction industry.
“Our continued investment in Burton Roofing, also demonstrates CUPA’s confidence in the long term prospects of the UK’s roofing materials market and CUPA’s firm commitment to internationalisation and growth”.
Cupa Group extracts, produces and distributes natural roofing slate from 18 quarries in Spain, which produce high quality slate, exported to over 70 countries under the Cupa brands. It employs more than 1,650 people across the world, with €400m aggregate revenues.
In October 2016, The Carlyle Group, through Carlyle Europe Partners IV, acquired a majority stake in Cupa to support management and the company’s continued growth.