uPVC pipes, safety glasses and Spetz app launched
This week has seen a range of new product and service launches for the construction trade.
Vinyl Pipes has launched uPVC Column Pipes, which extend the life of pipes. Column Pipes with a power lock (patent pending) will not only to raise the safety standards but improve the efficiency of Borewell installations. This Lock system, a by-product of the in-house R&D team, is designed to bear load making the pipes stress-free, torque resistant and perfect for handling high pressure water.
Conscious that using the correct glasses could prevent 90% of jobsite injuries, Milwaukee's expanded range (pictured) features anti-scratch and fog free styles, new lens colours and magnification features, complementing its 'cut resistant' gloves.
Arriving on the UK app scene, Spetz is billed as a ‘one-stop shop’ for anyone "panicked by household flooding or electricity failure," as it unites tradespeople with consumers.
Spetz founder and CEO Yossi Nevo said urgent needs come in all forms and it’s unlikely that any household has tried and trusted tradespeople to match every possibility.
"The Spetz app rapidly connects them with a suitable ‘rescue service’ in as little as 30 seconds and that rapid reassurance is completely free - it’s the tradespeople who pay for these job leads. Those start at around £6 a time, but the tradesperson can then go on to make thousands from our automated system funnelling the best and most appropriate work their way.”
Spetz is now three years old operating in Israel, Australia and is now beginning a full UK rollout, after a ‘soft’ launch.
Brickability to buy Taylor Maxwell for up to £63 million
It would mark the group's 11th purchase since 2018, according to Chairman John Richards, who cited Taylor Maxwell's track record in providing façade and timber products to the construction industry for over 60 years as a "significant value add" for its shareholders.
"The firm operates from 16 regional locations across the UK, with minimal overlap against Brickability’s existing client base. Over the years, Taylor Maxwell have acquired a wealth of local market knowledge, enabling them to build strong professional relationships with a diverse range of key manufacturers," he said.
"The acquisition of Taylor Maxwell will bolster Brickability’s leading position in UK brick distribution; offering cost and revenue synergies while being transformational in terms of the group’s scale and relevance in the wider materials supply industry."
The company has conditionally raised £55 million (before fees and expenses) by way of a placing of 57,894,737 new ordinary shares of one penny each at a price of 95 pence per share with new and existing institutional investors.
In addition, in order to meet market demand, certain selling shareholders have also conditionally raised a further £38 million through the sale of 40,000,000 existing Ordinary Shares at the Issue Price.
Martin Rudge, Managing Director, Taylor Maxwell, said Taylor Maxwell's management team view the transaction as an exciting new chapter in the history of the business, one that they feel will benefit its employees, customers and suppliers alike.
“We are very proud of what has been achieved over the last sixty years and how the business has developed into the company it is today. Growth in recent times has been organic and this transaction is seen as a great opportunity to develop the business further as part of a larger organisation," he said.
Both companies have been in dynamic mood as they react to legislative and commercial changes following the pandemic. The timber sector is wrestling with soaring prices, with the the US Random Length Timber index surpassing $1,600 this month, up from $326 this time last year.
Forum Tiles is Brickability Group’s latest venture into Ceramic Tile supply. This new start-up business has been formed to offer a full range of porcelain, and ceramic tile solutions direct to the developer market (click here). The group also bought McCann Roofing Products for £2.75 million last year.
Taylor Maxwell recently announced the acquisition of SBS Cladding, a distributor and fabricator of decorative rainscreen cladding systems (click here).