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Ambitious Aycliffe firm sets sights on £30m turnover by 2030

June 27th, 2023 Martin Walker Business 0 comments 0

A Newton Aycliffe firm that manufacturers products for the construction industry has launched a brand change as part of an ambitious expansion drive.

EOS – which has rebranded as Remagin – aims to double turnover and employment between now and 2030.

The £15m business currently employs around 70 people at its Heighington Lane premises on Aycliffe Business Park.

Established in 2006, the company designs, manufactures and markets light gauge steel frame products for the construction industry, primarily steel frame systems for external facades and full load bearing structures.

These products are typically used in housing, flats and apartments, student accommodation, hotels and public buildings.

The company is part of the global building materials company Etex Group, which is driving innovation in the construction industry by launching a new brand focussed on offsite construction.

The trend towards greater offsite production has prompted Etex Group to leverage its existing offsite construction companies to create a comprehensive, full-service business to meet customer demand and drive performance.

The new brand brings together the collective capabilities of three existing businesses, Leeds-based Sigmat, Aycliffe-based EOS and Horizon, operating from Ireland.

The new commercial branding is part of a broader growth strategy which will see the turnover of the combined companies across the UK and Ireland more than double between now and 2030 – with significant employment opportunities in various roles for local people.

Scott Bibby, country manager Ireland and UK, said: “This is an exciting time in the development of not just our own business but the wider offsite construction sector.

“Due to the flexibility and proven benefits of panelised building systems, things are really taking off and by combining our joint strengths we are confident we can accelerate and maximise sector growth.

“Remagin is building on the solid foundations established by Sigmat, EOS and Horizon and is backed by Etex Group with its significant R&D and testing capacity and materials expertise.

“We’re in a significant position to add significant life-cycle value and sustainability benefits to our customers.”

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