Haldane Group have announced a multi-million pound five-year investment strategy to enhance company growth.
The family-run business headquartered in Newry plans to invest more than £50m across the business, funded through its own cash generation alongside ongoing support from banking partner, Danske Bank.
£17.5m will go towards organic development, while more than £30m is allocated to enhance acquisition and green field development, with the aim of ensuring company expansion and job creation.
The news follows David Haldane being appointed Chief Executive of the company who will be supported by:
- Brian McAuley, MD of Haldane Fisher NI
- Simon Walling, MD of Haldane Fisher in England, IOM and GE Robinson
- Phil Lomas, MD of the newly-acquired Prowood Ltd
The business, which was established in 1946, incorporates Haldane Fisher NI, Haldane Fisher – Isle of Man, Haldane Fisher – UK, GE Robinson, Plumbmaster, Prowood, Bathline and Key Hardware.
It has 21 branches across Northern Ireland, England and the Isle of Man supplying 13,000 products across 800 brands.
David Haldane, Chief Executive of Haldane Fisher said:
“This is a hugely exciting time for the Haldane Group as we unveil ambitious investment plans that will support our long-term vision and enhance company growth and development over the coming number of years.”
“Investing over £50m in our people and across the wider organisation will allow Haldane Group to maintain our position as the partner of choice across a wide network of clients and suppliers, in addition to identifying new opportunities within the markets we serve.”
“Our vision for the future of our business is focused on ‘building together’ and ensuring that our colleagues are equipped with the resources, skills and training necessary to meet the evolving needs of customers and markets we serve.”
“We are confident that our strategic long-term investment plans, combined with the enhancement of our executive structure and wider senior management team, will enable Haldane Group to make this vision a reality.”
“We look forward to working to deliver sustainable opportunities and growth across the business.”