News

Russian Firm eyes expansion in UK and North America from new regional HQ in Scotland

TechnoNICOL International, the leading roofing and insulation group, is to use its newly acquired Scottish base as the launchpad for an ambitious expansion programme in the United States.

TechnoNICOL, which bought Stirling-based Superglass this summer, has created a new division to focus on new business opportunities in the US, as well as the domestic market in the UK and Ireland.

The Russian group, which has more than 50 production centres globally, sees considerable opportunities in the construction products and accessories market in the UK and the US. In addition to growing its presence in the UK and Ireland, the company aims to establish a significant market share in North America over the next five years.

TechnoNICOL has made a number of senior appointments to this division as it begins to integrate Superglass and facilitate the growth of the newly created region. Prior to its acquisition, Superglass was the UK’s leading independent manufacturer of glass wool and mineral fibre insulation solutions.

Ken Munro, Superglass’s Chief Executive Officer, becomes Chief Executive Officer of TechnoNICOL (UK, Ireland & USA). In this newly created role, Munro will have responsibility for the management and coordination of TechnoNICOL’s presence in these regions and will continue to lead and develop the Superglass business – and its 150 employees in Stirling – as it is incorporated into this expanded structure.

Munro will also have responsibility for the global development of the Superglass brand as it begins to play an important part in TechnoNICOL’s overall insulation products strategy. As further businesses are developed, both organically and by acquisition, they will be integrated into this unified regional structure, with new jobs likely to be created in Stirling as the regional headquarters takes shape.

Sergey Kolesnikov, President of TechnoNICOL International, said: “We are excited by the international growth opportunities TechnoNICOL can now pursue and are pleased to be able to appoint someone with Ken’s leadership capabilities and experience to manage all of our activity in these strategically important regions.”

TechnoNICOL’s interest in the Superglass business was made public in July this year, when its £8.7m offer for the business was recommended to shareholders by the Superglass board. That offer became unconditional in late August and the company’s shares were de-listed from the London Stock Exchange’s Alternative Investment Market (AIM) at the end of September.

Ken Munro, CEO of TechnoNICOL (UK, Ireland & USA), said: “The integration of Superglass into the TechnoNICOL family represents a significant step forward in the development of our business and opens up new opportunities, both for our people and our customers. I look forward to leading the integrated business across these geographies and to managing the expansion of Superglass as a key insulation brand within it.”

Munro will continue to be located in Stirling, Scotland, where the Superglass business has been based since its inception in 1987, and this site will now become the headquarters of the newly created regional business. Work starts immediately, with a multi-discipline team of specialists arriving in Stirling to begin the integration task under Munro’s direction.

Stuart Rowell, who is currently Group Business Development Director at Superglass, and Girts Dikelsons, currently Regional Director TechnoNICOL (UK and USA), will be responsible for sales and marketing activity across all product lines in the new region and are appointed Regional Sales Director (Insulation Solutions) and Regional Sales Director (Bitumen Membrane Solutions) respectively.

Theresa McLean, Superglass’s Chief Financial Officer, is appointed CFO of TechnoNICOL (UK, Ireland and USA) and Mark Atherton, Operations Director at Superglass, becomes Chief Production Officer and Head of Operations for the newly expanded regional business. Rowell, Dikelsons, McLean, and Atherton will all report directly to Ken Munro.