The acquisition will safeguard more than 1,000 jobs, secure supply to 1,200 customers and allow the business to focus time and investment on areas which can be grown and create new value.
Benefitting from significant levels of new investment into the venture, Aperture has been established by Synseal’s former majority shareholder together with the Chairman, and with the backing of the senior management team, including CEO Matthew Mycock and Group Sales & Marketing Director Andy Jones.
The trade and assets acquired are Synseal Extrusions, Warmcore, PVC-U fabrications including vertical sliders, roof systems, residential doors – now known as Calibre doors – Global Glass and Norvik.
Chris Pole and Mark Orton were appointed Joint Administrators of Masterdor Limited (the “Company”) on March 5, 2019.
The affairs, business and property of the Company are being managed by the Joint Administrators. The Joint Administrators act as agents of the Company and contract without personal liability. Chris Pole and Mark Orton are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. The administrators are bound by the insolvency code of ethics. Immediately following the administration appointment, a pre-packaged sale of the Company’s business and assets was completed to Aperture Trading Limited. For any queries relating to the administration of the Company, please contact synseal@kpmg.co.uk
Aperture Trading Limited has established a new business called Calibre Doors through which it will operate the assets of Masterdor Limited it has bought from the Joint Administrators. The team at Calibre Doors are now working hard to provide continuity of service to the customers of Masterdor Limited. As the necessary work is done on systems and supply arrangements, there may be some degree of short term disruption and they ask for patience and understanding from clients as they complete this work. They look forward to working with customers to deliver a successful new business for the benefit of all.