Nuaire
In 2007 Electra invested in the £83 million management buy-out of Nuaire. Nuaire is a leading UK based manufacturer and distributor of ventilation equipment for commercial and residential applications, with factories in Caerphilly, South Wales and St. Brisson-sur-Loire, France.
Nuaire had a satisfactory year’s trading, delivering profits only marginally behind the prior year in a very challenging environment. In the year to 30 September 2009 Nuaire generated unaudited group sales of £55.9 million (2008: £58.9 million). Nuaire continues to seek to increase its addressable market and has committed to increasing its investment in new product development during the next year.
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