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Scottish flooring firm acquired by Northern Irish group
Insulation manufacturer and installer energystore has acquired a majority share in Scottish flooring contractor Advanced Traditional Screeding (ATS) for an undisclosed sum.
Headquartered in Holywood, Co Down, energystore designs, manufactures and installs insulation systems for floors, walls and roofs and is the largest supplier of high-performance expanded polystyrene bead insulation products to the UK and Irish construction industry.
Fife-based ATS was established in 2014 and works with commercial customers across Scotland and the rest of the UK on pre-construction and construction flooring installation.
ATS has been a long-term installer of energystore TLA, a flagship product which combines expanded polystyrene beads coated in an additive with cement to create a pourable insulation.
Following the acquisition, ATS will continue to operate as a standalone company within the energystore group and all 17 staff will be retained.
Jason Lister, founder and managing director of ATS, will continue to lead the business.
“I’m really proud to be able to announce this partnership with energystore at a time when ATS has been enjoying significant growth and has a very healthy order book for the year ahead,“ he commented. “In the most recent financial year ATS grew our turnover to a record £5m and I am confident we will increase that again this year.
“As a customer and installer of energystore TLA, we know they are a company committed to innovation and sustainability.
“ATS now has a great opportunity to expand the range of products and services we provide to our customers as part of the energystore team.”
Connor McCandless, managing director of energystore, said: “We have known Jason and his team at ATS for a number of years and have been impressed by their work for tier one construction firms across a wide range of projects.
“We have been looking at opportunities to grow energystore’s footprint across the UK and we felt that ATS’ culture, values and growth ambitions were very aligned with our own.
“We were already working together on some exciting development opportunities, so it has been an easy move to formally join forces.”
Energystore, which is celebrating 50 years in business in 2024, currently operates from six locations across Northern Ireland, the Republic of Ireland and Great Britain, employing 90 people.
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