Toad doubles turnover to £9.6 million
03/07/1998 in NEWS
During the restructure the company made several key acquisitions - Sigma, Laserline and The Sextons Group - and set up an exclusive distribution agreement with Spacetrac. Toad has also announced acquisitions of assets from Foxguard and Code Alarms, strengthening its position in the vehicle alarm industry, a distribution agreement in the USA, along with winning a new £3 million contract with Royal & SunAlliance to supply car audio equipment to policy holders.
There will be a reorganisation of the company's board at the forthcoming annual meeting which will see Kevin Gray resume his role as a non-executive director, following the successful reorganisation of the business, with John Lewin to succeed as chief executive.