Cumbernauld manufacturer snapped up by industry big-hitter Vivalda
A Cumbernauld-based cladding manufacturer has been taken over by major UK industry operator Vivalda Group.
MSP Scotland, a manufacturer of branded and bespoke products, has 50 staff at two sites in Cumbernauld and operates throughout the UK.
Under the deal, MSP will transition to become part of Birmingham-based Vivalda, which has pledged to create a “world-class” facility for the Scottish firm, but will continue trading under its own brand, which was established in 1966. Full details of the deal were not disclosed.
Peter Johnson, chairman of Vivalda, which has an annual turnover of £34 million, said the sale of MSP was a further sign of consolidation within the UK cladding market.
He stated: “The MSP name is well-known across the UK as a provider of branded facia boards, as well as its bespoke coated aluminium facade solutions.
“I’ve been impressed with the level of skilled technicians and engineers based here at Cumbernauld – which I am sure will prove to be a great asset to the Vivalda Group.
“We intend to invest in people and technology here at MSP, to create a world-class façades manufacturing and fabrication facility.
“There’s a great fit between Vivalda and MSP, both strategically and culturally, and I am confident that this acquisition will bring further growth to our business.
“In terms of products, we see a big future in fully fire-resistant 3mm aluminium cladding, the type of which is manufactured here at MSP.”
MSP MD George Ross said Vivalda is a “forward-looking business that will invest in MSP – to not only secure the current roles here at Cumbernauld, but hopefully create many more as the business grows as part of the larger Vivalda Group”.