News
June 2008 - Magiglo Acquisition and Restructure
Broadstairs based gas fire maker Magiglo, acquired the Suncrest Surrounds business in May.
Magiglo Chairman & Managing Director, Clive Le Baigue commented “The UK fires and fireplaces market grows ever more competitive and requires manufacturers to be creative in design and new technology. The acquisition of Suncrest means that our Company now has the most sophisticated and technically advanced fireplace manufacturing units in the world and offers great scope for further expansion.
“Suncrest takes pride in the craftsmanship of the products it provides, offers excellent service and a wide variety of choice. These are values shared with Magiglo in equal measures. We believe that Suncrest and Magiglo will compliment and strengthen each other and we look to the future with considerable confidence.”
Suncrest Surrounds and Magiglo are to become subsidiaries of a newly formed holding company, CJ Group Limited. The companies will continue to trade as separate entities for the foreseeable future.












