Omega PLC was founded in 1992 by Bob Murray, Francis Galvin and Newton Winfield who currently hold the positions of Group Non-Executive Chairman, Chief Executive and Operations Director respectively. The objective of the founders was to establish a major home improvements manufacturing business on a freehold Greenfield site in Yorkshire.
The Company, Omega International Group PLC, was incorporated in order to effect the re-financing of Omega PLC through acquisition and to facilitate the purchase of a 16.2 acre freehold site for the development of the customised manufacturing plant. The site is located on what was a greenfield site adjacent to the M18 motorway and accommodates some 315,000 square ft of factory space. The first phase of the development was completed in the summer of 1996, creating a manufacturing office and showroom complex covering over 115,000 square ft.
As a result of the success of the Sheraton kitchen range, the Directors decided to focus the Group's strategy solely on the manufacture and distribution of branded kitchens, resulting in the disposal of two small non-core divisions. This strategy principally focused on the expansion of the successful Sheraton kitchen brand that was first introduced in 1996.
During 2002, the Group embarked on the second phase of its development programme. This involved the expansion of the Group's factory production facilities to meet the increasing demand for Sheraton kitchens and to allow the Group to expand further into the larger ready-to-assemble kitchen market with the launch of two brands, Omega Kitchens and Chippendale Kitchens. The Group invested a total of £2.8 million during this phase of development.
In 2006, the Group commenced construction on Phase III of the site development which increased the factory complex to 315,000 sq ft, providing significant future manufacturing resources. The extension has been funded by cash balances and operating cash flows. An additional, 5,500 sq ft of previously built office space has also been fitted out in order to accomodate the staff that will be needed to service growth plans.
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