43. Glen Electric Holdings
- Director: Fergal Naughton
- Pre-tax profit: £11.6m
- Employment: Not stated
- Pay bill: Not stated
Glen Electric acts as an investment holding company and supplier of management services.
It’s run by Fergal Naughton, the son of Glen Dimplex founder Martin Naughton.
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In 1973 Glen Electric was established by Mr Naughton snr and four colleagues in Newry.
The new business started manufacturing oil-filled radiators, employing seven people.
With the acquisition of Dimplex in 1977, a company eight times Glen’s size, and a brand leader in electric heating, the ambition of the youngGlen Dimplex management team was confirmed.
Today, Glen Dimplex describes itself as “the undisputed world leader in intelligent electric heating and renewable energy solutions, as well as holding significant global market positions in domestic appliances, cooling and ventilation”.
Glen Electric Holdings
Greenbank Industrial Estate
Tel: 028 3026 4621