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SIG Distribution history
SIG Distribution company history timeline
Ernest Adsetts's son William Norman Adsetts, born in 1931, did not immediately join his father in business after finishing school.
Adsetts convinced his father to launch a new business, the wholesale distribution company Sheffield Insulations Limited, in 1956.
By 1985, the year in which Norman Adsetts became company chairman, Sheffield's sales had topped £59 million.
In order to fuel this expansion, the company went public in 1989, listing on the London Stock Exchange.
1990: The company acquires CDL, a supplier of ceiling products in the United Kingdom.
1994: The company acquires the Freeman Group, which also provides entry into Germany through a stake in Isokauf.
The company also formally adopted the name of SIG plc, in 1995.
Ernest’s son, Norman joins the business and remains with the Group until his retirement as Chairman in 1995.
1996: The company acquires WKT, in Germany, and full control of Isokauf.
That purchase, completed in July 1997, added more than 50 store branches, for a purchase price of £25 million.
In 1998, the group added to its dominance of the U.K. market with the purchase of Colemans Roofing.
2000: The company enters Benelux with the purchase of the Nouwens Group.
In 2002, for example, the company acquired AM Proos and Clydesdale Roofing, based in the United Kingdom.
2005: The branch network expands to 412 as turnover nears £1.4 billion.
October 2021 - SIG acquires Penlaw, a family business with a dedicated and experienced team.
• Press Release / 9 June, 2022 — official information about the recent declared dividends.
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SIG Distribution may also be known as or be related to SIG Distribution and Sig Distribution.