One of Northern Ireland’s largest construction supply companies is to invest £50 million in a bid to grow its business over the next five years, both organically and through acquisition.
Haldane Fisher, which trades from 21 stores across Northern Ireland, England and the Isle of Man, said £17.5 million of the total will be spent on “organic development”, while more than £30 million will be allocated for “acquisitions and green field developments”. Funding for the investment will come from the company’s own cash generation and through funding from Danske Bank.
The announcement of intent follows its recent purchase of Prowood, a Wigan-based timber merchants, and a reshuffle of its senior management team. David Haldane has taken over the reigns as chief executive officer of the family-owned business, supported by Brian McAuley as Managing Director of Haldane Fisher Northern Ireland, Simon Walling as head of the Haldane Fisher brand in England and the Isle of Man, and GE Robinson, and Phil Lomas as Managing Director of Prowood.
“This is a hugely exciting time for the Haldane Group as we unveil ambitious investment plans that will support our long-term vision and enhance company growth and development over the coming number of years,” David Haldane said. “Investing over £50 million in our people and across the wider organisation will allow Haldane Group to maintain our position as the partner of choice across a wide network of clients and suppliers, in addition to identifying new opportunities within the markets we serve.”
He said the company plans to invest further in its team.
“We are confident that our strategic long-term investment plans, combined with the enhancement of our executive structure and wider senior management team, will enable Haldane Group to make this vision a reality and we look forward to working to deliver sustainable opportunities and growth across the business,” he said.
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