Excellence in Galvanizing
The UK’s largest hot dip galvanizing organisation is continuing its expansion into global markets after doubling its stake in a German-based business.
B.E. Wedge Holdings Ltd has grown its share in Siegener Verzinkerei Holding GmbH from 24.5% to 49% after securing an £11.5million investment
package from Lloyds Bank Corporate Markets. The additional investment has enabled Siegener to acquire the remaining two thirds of the widely respected Dutch galvanizing company NedCoat Group B.V, the largest galvanizing group in Holland, with interests in Belgium.
The move will enable B.E. Wedge Holdings Ltd to enhance its already strong presence across continental Europe. German based Siegener will now have wholly-owned subsidiaries in the Netherlands and Belgium as well as joint ventures in Czech Republic, Slovakia and Turkey.
Founded in Willenhall, West Midlands by John Wedge, and with a history in galvanizing dating back 150 years, the family-controlled B.E. Wedge Holdings Ltd has a group turnover in excess of £95 million and enjoys a 30% share of the UK galvanizing market. It currently operates a network of 14 galvanizing plants across the UK under Wedge Group Galvanizing Ltd.