Vivalda sees Brexit bonus in acquisition of Scots cladding firm MSP
Vivalda chairman Peter Johnson (left) with managing director Ben Jayes
Cladding manufacturer MSP Scotland has been acquired by Vivalda Group which sees the deal as a major safeguard against Brexit disruption.
Fifty jobs have been secured at MSP’s two sites in Cumbernauld and the deal adds UK-based manufacturing capabilities to the purchaser.
“Given the potential disruption caused by Brexit, Vivalda’s management team see this as a major advantage for the business moving forward,” said the company in a statement. It is also regarded as part of consolidation of the cladding industry following the Grenfell Tower fire two years ago which prompted calls for improvements in the safety of materials.
Vivalda currently boasts sales of £34m and MSP will continue to trade under the brand that was established in 1966. Terms of the deal were not disclosed.
Speaking from Glasgow, Vivalda chairman Peter Johnson said: “The MSP name is well known across the UK as a provider of both branded facia boards, as well as its bespoke coated aluminium façade 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.”
Mr Johnson added that the sale of MSP was a further sign of consolidation within the UK cladding market, following the Grenfell Tower disaster of 2017. He said: “While the jury is still out on the culpability of those responsible for the failings at Grenfell, the cladding sector has seen big changes in the past two years, with many low quality, smaller suppliers exiting the market.
“The days of supplying untested facia board for high rise buildings is thankfully a thing of the past, with the use of ACM and HPL on tall buildings now effectively outlawed.
“While not directly related to Grenfell, this deal shows that there is consolidation happening within our market – something I see as a positive sign in terms of safety and efficiency. This will all be good news for contractors and architects. 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.”
George Ross, the former managing director of MSP Scotland, said: “I am so pleased with the sale of the business to Vivalda. They are 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.”
Mr Ross remains within the company as a consultant.