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Top story
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Fiberweb branches out with Tubex purchase
Aberdare-based Tubex, the largest European specialist producer of tree shelters, has been acquired by non-woven fabrics group Fiberweb for £5.1m. Fiberweb, which also owns Terram of Pontypool, hopes to build a world leader in tree shelters.
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Deals
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Taste Inn takes Llandovery's Castle
Taste Inn Wales, the hotel group which owns the Peterstone Court in Brecon and the Manor in Crickhowell, has acquired the Castle Hotel in Llandovery with backing from Barclays Corporate.
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Ragan and Bull to talk deals
Anthony Bull, London partner at Gresham, one of the UK’s long-established private equity houses, and Paul Ragan, entrepreneur and business angel, have been confirmed as speakers for the Insider Wales Dealmakers Dinner 2011.
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Companies
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Photronics wary after good start to 2011
Photronics (UK) has reported a good start to its 2011 financial year but is wary of potential knock-on effects from the Japanese earthquake and tsunami on the semiconductor industry. The Bridgend business posted turnover of £23.2m in the year to 31 October 2010 – up 9.4 per cent on its previous year.
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Bluestone completes £8m investment in resort
Bluestone National Park Resort has completed an £8m development that has added 60 lodges to its holiday resort in Pembrokeshire, West Wales.
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Pugh expects flat 2011
Difficulty predicting education sector budgets for the year ahead means Pugh Computers will be happy with a flat financial performance in 2011. That's according to managing director Jeffrey Pugh who told Insider the Aberystwyth company had outstripped expectations in 2010 with a 5 per cent increase in turnover to £13.5m.
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Top 300 Companies offer - ends soon...
You have just until the end of the week to take advantage of Insider's 10% discount off the brand new Wales Top 300 Companies 2011 database (released at the end of the month) - our accurate and comprehensive business marketing list, providing you with the strongest contacts for the region’s biggest companies. Pre-order now to receive the discount or request a free sample (offer expires 31st May).
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Government and politics
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Jones details cabinet roles
First minister Carwyn Jones has clarified the roles of some of his new Assembly Government ministers. Agriculture and tourism, which Jones described as “key business sectors”, will be handled in cabinet by Edwina Hart as minister for business, enterprise, technology and science.
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Green light for Buckley plans
Proposals for a major redevelopment of Buckley town centre have been approved by Flintshire Council’s executive.
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People
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Oldham tipped for growth fund job
Paul Oldham, the former Lloyds Development Capital director, has been tipped to be South Wales and South West England regional director of the Business Growth Fund, which will be launched today.
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