SIG plc (SIIGF) Price & News

SIG plc is a British-based international supplier of insulation, roofing, commercial interiors and specialist construction products. It is listed on the London Stock Exchange. It was originally established as Sheffield Insulations Limited in 1959 by Ernest Adsetts; his son, Norman Adsetts, was appointed managing director in 1970 and chairman in 1985. Four years later, it was floated on the London Stock Exchange as Sheffield Insulations Group plc. Amid a spree of acquisitions in the 1990s, the company was rebranded as SIG plc in 1995. The early to mid 2000s saw further acquisitions and a few divestments amid strong profitability, the firm exiting the US market and entering the French one instead. The start of the Great Recession in 2008 led to the prompt closure of 80 branches and loss of 1,000 jobs at SIG; the company had largely recovered by 2012, permitting expansion in the European market. The mid 2010s saw several divestments, such as of its German roofing division in exchange for £9 million. By 2017, further restructuring was underway and, in February 2018, it was revealed that the firm's profits had been overstated, leading to an investigation of the auditor. Wikipedia

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