Ambitious growth plan
Stevenswood embarks on trade centre expansion across UK
The Livingston-based firm has seen significant growth since being acquired by Cairngorm Capital in November 2016 – merging with trade-suppliers Polyframe Trade Centres, Sameday Trade Frames and Truemans and organically adding five trade centres to its portfolio last year.
Stevenswood is now generating turnover of more than £35m from a portfolio of 38 trade centres across the UK which employ 180 staff, making it one of the largest windows distributors in the country.
The additional 12 branches will create 50 jobs in a growth programme led by managing director, Joe Trueman, pictured, who was appointed in 2017 following the Truemans acquisition.
Neil McGill, managing director of Cairngorm Capital and a director at Stevenswood, said: “As the sector continues to consolidate there has been a shift away from independent integrated fabricator/installers towards specialist distribution companies that can provide trade customers with access to a full range of quality products at attractive pricing.
“We expect this trend to continue, and believe that Stevenswood, under the leadership of Joe Trueman, is perfectly positioned to capitalise.