10 July 2024
Stelrad
Group plc
("Stelrad" or "the Group")
Appointment of Joint Corporate Broker
Stelrad Group plc ("Stelrad" or "the
Group", LSE: SRAD), a leading specialist manufacturer and
distributor of steel panel and design radiators in the UK, Europe
and Turkey, is pleased to announce the appointment of Davy as joint
corporate broker, to work alongside Investec Bank plc, with
immediate effect.
- ENDS
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Media enquiries
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Stelrad Group plc
Trevor Harvey, Chief Executive
Officer
Leigh Wilcox, Interim Chief
Financial Officer
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+44 (0)191 261 3301
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Davy (Joint Corporate
Broker)
Graham Hertrich / Will Smith / Sara
Hale
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+44
(0) 20 7448 8871
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Investec (Joint Corporate Broker)
Ben Griffiths / Tom Brookhouse /
Marc Potel
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+44 (0) 207 597 4000
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Powerscourt
James White / Pete Lambie
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stelrad@powerscourt-group.com
+44 (0)7855 432 699
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Notes to Editors
Stelrad Group plc is Europe's
leading specialist radiator manufacturer, selling an extensive
range of hydronic, hybrid, dual fuel and electrical heat emitters
to more than 500 customers in over 40 countries. These include
standard, premium and low surface temperature (LST) steel panel
radiators, towel warmers, decorative steel tubular, steel
multicolumn and aluminium radiators.
The Group has five core brands:
Stelrad, Henrad, Termo Teknik, DL Radiators and Hudevad. In
the data reported by BRG Building Solutions for 2022, Stelrad moved
into a market leadership position, with 18.8% share by volume of
the combined UK, European and Turkish steel panel radiator
market. The Group is now market leader in seven countries -
the UK, Ireland, France, the Netherlands, Belgium, Denmark and
Greece, with a top 3 position in a further nine
territories.
Stelrad is headquartered in
Newcastle upon Tyne in the UK and in 2023 employed 1,400+ people,
with manufacturing and distribution facilities in Çorlu (Turkey),
Mexborough (UK), Moimacco (Italy) and Nuth (Netherlands), with
further commercial and distribution operations in Kolding (Denmark)
and Krakow (Poland).
The Group's origins date back to the
1930s and Stelrad enjoys long established commercial relationships
with many of its customers, having served each of its top five
current customers for over twenty years.
Further information can be found
at: https://stelradplc.com/.