The deal will see new owner Laidlaw Interiors Group acquire a raft of famous names in the door, washroom and glazing sectors including Leaderflush + Shapland, Komfort Workspace, Cubicle Systems and SIG Glazing Services.

For the year ended 31 December 2010, SIG’s Interiors Manufacturing business made a loss before tax of £49.2m (after restructuring and goodwill impairment charges), and a pre-exceptional operating loss of £2.4m on revenues of £83.2m.

The proceeds of the sale will be used to reduce SIG’s net debt.

SIG chief executive Chris Davies said: “Consistent with our key strategic initiative to improve performance by actively managing the Group’s portfolio of businesses, we are pleased to announce the sale of SIG Interiors Manufacturing to Laidlaw and Rutland Partners.

“This divestment, together with the recent disposals of our scaffolding and safety & workwear businesses, enables us to better focus on our core distribution and merchanting operations and helps to rebalance the Group’s exposure further towards residential markets.”