LAST MONTH, SIG, a specialist supplier of insulation and other materials to the UK and continental European building and construction industries, announced a £325 million ($469 million) placement of equity to existing and new shareholders to strengthen its balance sheet for the worrying and highly uncertain times ahead.
The Sheffield-headquartered company, which grew rapidly from 2003 to 2007 partly through acquisition, employs 13,300 people operating from 800 sites. It spent 2008 hunkering down as trading deteriorated.
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