Our business model is built around our customers, the products we sell to them and the service we provide to them.
Our strategy is to create shareholder value through being a leading international supplier of engineered components to the door and window industry.
We are focused on the design, manufacturing and sourcing of high quality engineered window and door components and providing industry-leading customer service.
We aim to be the market leader in each of the segments that we serve and our differentiated offering provides customers with a clear "one-stop" service across a diverse range of hardware, seals and complex extrusions.
We manufacture and source components from 38 sites across the Americas, the UK and Ireland, Continental Europe, Australasia and Asia and our distribution reach means that our products are to be found in homes and buildings all over the world. We measure our performance and success through our KPIs, which are measured, reported on and challenged at all levels of our business.
"2016 was a further year of profitable growth for Tyman assisted by the completion of strategic acquisitions and the benefit of favourable exchange rates, underpinned by strong cash generation. The continued improvement in margins by the divisions is evidence of the quality of our businesses and their leading market positions.
The acquisitions of Giesse and Bilco filled two significant gaps in our product portfolio bringing the Group a high quality hardware brand for European markets and a meaningful presence in US commercial for the first time. On a smaller scale, the acquisition of Response has extended our electronic access capabilities in the UK. Progress on integration has been rapid and as a result both Bilco and Giesse will deliver their target synergy objectives by the end of 2017 - significantly ahead of schedule.
2017 has started in line with our expectations across each of the divisions. We expect that US residential and commercial markets will be stronger this year than they were in 2016. We expect to see a continuation of the gradual recovery in European markets however UK markets are likely to remain variable given lower levels of housing transactions and probable declines in real incomes.
We expect that input costs will increase in the majority of our markets in 2017 and will look to manage input cost inflation where it arises through effective purchasing, price management and cost reduction programmes.
Our self help initiatives across each of our divisions, together with good visibility of synergy opportunities, means Tyman is well positioned for further progress in 2017."
Chief Executive Officer, on 8 March 2017
As a leading international supplier of building products, we have three core businesses across four key regions: Europe, the Americas, Asia and Australasia.