Page 6 - fab-feb18
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 Montgomery is FIT
FIT Events organiser of the FIT Show, has announced changes in its shareholding structure. Angus Montgomery, which has been organising events globally since 1895, has become the majority shareholder. Co-founders Matthew Glover and Paul Godwin remain shareholders and directors of the company with Glover as Chairman, as does event director Nickie West.
John Beaty, an investor in the business since 2015, has relinquished his shareholding and left the business. In most other respects the business remains unchanged.
Matthew Glover says:“The FIT Show has gone from strength to strength thanks to tremendous support from the industry, whose loyalty we hope we have returned by producing a show that connects the whole of the window, door and related glass and glazing industry.
“With growth of the FIT Show in such a relatively short time, coupled with ambitious plans for its future development, it became clear that we would benefit from expertise and investment. One of our shareholders expressed a desire to leave the business and that left us with the opportunity to seek other partners and Angus Montgomery, a well established, highly experienced international organiser of a
Leng is new group chief
  Matthew Glover
  Paul Godwin
 large portfolio of events, expressed a keen interest to become involved. Paul, Nickie and I have looked closely at what Angus Montgomery can bring to the FIT Show and Visit Glass and we are unanimous in our decision to join with them.” ❐
Customade Group (Customade) has appointed David Leng as group chief executive. Leng succeeds John Lightowlers who continues with the firm in a non-executive capacity.
Leng joins from Synseal Group, where as chief executive he took the company from a £70m manufacturer of window profiles and conservatories, to become a £160m multi-channel, multi-material business in the window, glass, roof and door sectors.
In the year since Customade merged with Polyframe, John Lightowlers, Customade’s retiring group managing director, and his team have created one of the UK’s largest trade fabricators of PVC-U, aluminium and composite windows and doors. He has overseen
   David Leng
the successful consolidation of the four acquired businesses, to create a £100m company.
Leng says:“I am delighted to be joining Customade – it offers exactly the type of opportunity that motivates me. It is at a really exciting point in its development and is ready to capitalise on its numerous growth opportunities. We have ambitious goals to fulfil and Customade is well structured, with strong investor support, exceptional products, first-rate employees and a well-deserved reputation for superior service. I look forward to leading the next phase of its development.”
John Lightowlers, group managing director, says: “The merger with Polyframe was the culmination of an ambition to grow my business into the successful enterprise that it is today.
“Customade is well positioned for the next stage in its development and so this seems the natural point for me to pass on the baton.” ❐
  Masonite International Corporation has bought the DW3 Products Group and its subsidiaries for an undisclosed sum.
DW3 Products Group owns a number of door brands including Solidor, Residor and Nicedor, it has a manufacturing facility in Stoke-On-Trent. The window division includes The Residence Collection and Window Widgets which operate from Gloucester.
The existing DW3 Products Group management team are all staying in their current roles.
Gareth Mobley, CEO of DW3
Products Group says: "The
acquisition of DW3 by Masonite
International is good news for all.
It has a proven track record with companies such as Door-Stop "Little will change across the group whether you are a customer of Solidor, Residor, Nicedor, The Residence Collection or Window Widgets.” ❐
  Gareth Mobley

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