SIG, a company that distributes specialized building materials, completed the acquisition of Miers Construction Products, a supplier of construction products, for £36m. "We are delighted to announce the acquisition of MCP, which demonstrates delivery of SIG's Group strategy to grow both organically and through carefully targeted value-enhancing acquisitions. MCP is a highly attractive specialist business with a strong brand, a great reputation for quality service, and technical sector specialism and expertise. These key elements have created a business that has the ability to grow sustainably ahead of the market. MCP illustrates the opportunities to accelerate through acquisition our path to 5% margins in the medium term. We welcome MCP's knowledgeable and committed management team and employees to SIG and look forward to working with them," Steve Francis, SIG CEO.