Durham-based solar panel and specialist glass manufacturer Romag has been acquired by Gentoo. The purchase marks the people and property business’ entrance into the solar PV market.
Romag has been trading since 1943, serving the solar PV, security glass, architectural glass, and transport glass market sectors. Working predominantly in the housing sector Gentoo aims to go use Romag’s customer base to go beyond compliance with legislation and be at the forefront of best green practice.
Peter Walls, Gentoo Group Chief Executive said, “This acquisition brings together two complementary organisations at a time when we are looking to diversify and grow. It will only build upon our already strong environmental credentials.
“We believe the low carbon market will continue to be a strategic area of growth and this puts us in a unique position to take full advantage of opportunities in our sector.
“Solar energy is a huge agenda with global governmental targets and it is great to be playing a part in it whilst doing our bit for the planet in the process.”
REA Solar PV Specialist Ray Noble said, “This is excellent news for Gentoo, the acquisition is aligned with both Gentoo’s business aims and the future of the construction industry.
“Solar PV has already proved to be a success on buildings in the UK and the renewable energy sector provides fantastic growth opportunities moving forward.”
Gentoo will now be working closely with the Romag management team to ensure a smooth transition in to its business. The acquisition includes the company’s trades and assets; Romag’s 161 employees will also TUPE transfer over to Gentoo.
