Leicestershire-based Ibstock has extended its modular construction technology portfolio through the acquisition of a 75% stake in Generix Facades Limited (Generix), a UK supplier of non-combustible façade systems.
The acquisition represents a further strategic step in broadening the range of façade systems offered by Ibstock Futures, as the construction market seeks lower carbon, non-combustible forms of cladding for use in the mid-high rise and modular market segments.
Generix, which was formed in 2013 in Bloxwich in the West Midlands, produces three types of façade systems: Generix-Lite (natural stone panels), Infinity (ceramic panels), and Genbrix (mechanically fixed brick-slip cladding).
Co-founder and Managing Director, John Nolan, will remain in his role and retain the minority shareholding in Generix.
Jeremie Rombaut, Managing Director of Ibstock Futures, said: “Generix represents an important strategic step for Ibstock Futures, with a new systems offering into the fast-growing sectors of the UK facades market.
“Through this acquisition, we have a great opportunity to expand our customer offering in new market segments. I welcome John and his team to Ibstock and look forward to scaling the business together in the years to come.”
