Executive Summary
Superglass Holdings plc is a leading manufacturer and supplier of glass wool thermal insulation products to the UK market. The Group's principal trading subsidiary, Superglass Insulation, was established by Encon Limited in 1987, when a rock wool manufacturing facility in Stirling was acquired. Having converted this plant to the production of glass wool products, a successful entry was made into the market through the distribution network of Encon Limited and by winning business from other smaller distributors and contractors by providing a flexible service that enabled relatively small quantities to be ordered on short delivery times. Superglass Insulation remained a subsidiary of Encon Limited until August 2005 when NBGI Private Equity's Fund and certain members of the management team, who had been responsible for running the business since 1987, acquired the company by way of a management buy-out.
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