Prater sold to German cladding giant

Aaron Morby 13 years ago

Leading cladding and curtain walling specialist Prater has been bought by German giant Lindner.

Prater’s brand name, management and 300 staff and workforce will remain unchanged by the acquisition.

The Lindner Group entered the international facades market in 2006 when it purchased the staff and assets of the renowned Schmidlin (UK) to form Lindner Schmidlin Facades.

Its UK operating arm was recently renamed Lindner Facades and will now use Prater as a springboard to create a dominant force in UK cladding and curtain walling.

Jürgen Wax, CEO of Lindner Group UK, said: “Prater is a highly reputable and profitable entity with a trading history of 60 years, so we are really looking forward to sharing business with them.

“We expect significant synergy effects for both parties in sales, manufacture, design, engineering, product development, implementation and international expansion.”

Michael Prater, chairman of the Prater board, said: “The two family businesses are an excellent strategic and cultural fit.

“Lindner provides us with an excellent opportunity to expand our business activities to an international level.”

Prater operates out of seven outlets, including fabrication plants in Thurrock and East Sussex.

With an annual turnover of £65m, Prater is ranked first among the UK’s specialist external envelope contractors.

Disciplines include rainscreen and rendered façade systems, composite cladding, glazed curtain walling, single-ply membranes, structural waterproofing as well as aluminium and traditional metal standing seam roofing systems.

Prater was one of the last long-established UK cladding contractors and counts the Emirates Stadium, Westfield White City, Olympic Stadium and various airport schemes among its recent flagship projects.

The operation is dwarfed by Lindner Group which turns over around £600m a year, managing production plants and subsidiary companies in more than 20 countries from its head office in Arnstorf.

The consolidation move by a big European firm is the latest to rock the specialist contracting sector.

Last week Beaver 84 fell to French scaffolding giant Altrad, while in the M&E contracting sector Dutch giant Imtech swooped on North West building services specialist, the Smith Group.

Latest news

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
10 hours ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
9 hours ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
13 hours ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
13 hours ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
14 hours ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
13 hours ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
1 day ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
1 day ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
2 days ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
2 days ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
2 days ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
2 days ago

BAM signs Kent school contract at £42m

Sevenoaks school rebuild signed off at £8m more than first estimates
2 days ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
4 days ago

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
5 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
5 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
5 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
5 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
5 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
5 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
6 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
6 days ago

Greenwich University tenders £300m framework

Up to five firms will carry out upgrade and newbuild work at three campuses
6 days ago

Work starts on Manchester 26-storey Obsidian tower

Contractor Domis starts Salboy's 10th Manchester scheme in seven years
6 days ago

Race for £1.3bn West Midlands social homes framework

The Community Housing Group reboots tender race for new build housing
6 days ago

Delancey submits £400m King’s Cross lab plans

200,000 sq ft lab/office project will be built above railway and tube tunnels just 4.5m below
6 days ago

Winners revealed for £150m fire safety framework

New deal will help organisations comply with the Building Safety Act
6 days ago

Sellar plans £500m City tower next to Walkie-Talkie

Consultation starts on London 60 Gracechurch Street tower
7 days ago

Severfield ends year on high with record order book

Orders top £500m with strong future pipeline of opportunities ahead
7 days ago

Second senior director exits National Highways

Commercial director Malcolm Dare set to move on to new role
7 days ago

Contractor services