London Stock Exchange welcomes Stelrad Group PLC to the Main Market
London Stock Exchange welcomes Stelrad Group PLC, a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey to the Main Market of the London Stock Exchange trading under the ticker symbol SRAD.
The origins of the Group date back to the 1930s and Stelrad enjoys long established commercial relationships with many of its customers, having served each of its top five customers for over twenty years.
The Group is headquartered in the United Kingdom, and has been a leading supplier across Europe for over twenty years, with manufacturing and distribution facilities in the United Kingdom, Netherlands and Turkey, additional distribution facilities in Poland and Denmark and sales personnel in seven other countries, including China.
The Group operates across six core geographies: UK, Benelux, Germany, France, Turkey and Poland and collectively, the total addressable market across these geographies has an estimated value of £1,100 million, and equates to approximately 24.4 million radiators.
Following its admission to the Main Market of the London Stock Exchange, Stelrad Group PLC’s focus remains on exploiting the breadth of organic and inorganic growth opportunities on offer, continuing to focus on further improving our extensive product offering and the strong relationships it has with major distributors and specifiers.