Martin Naughton
Encyclopedia
Martin Naughton an Irish entrepreneur, founded Glen Electric in November 1973 with a small manufacturing facility employing just ten people in Newry, Co. Down, Northern Ireland
. In 1977, Dimplex, the leading brand in the UK electrical heating market was acquired by Glen Electrics forming the Glen Dimplex Group. The company set out acquiring further businesses across the UK with Morphy Richards
, the market leader in small domestic appliances in 1985 followed by Blanella, a manufacturer of electric blankets and Burco Dean Appliances, a manufacturer of products for the catering industry, all in the same year. The 1990s saw the company forge its powers of acquisition and strategic business thinking to acquire further businesses across Europe and beyond.
An engineer by profession, Dr. Naughton has overseen his company to become the world's largest manufacturer in domestic heating appliances. His company has plants in the Republic of Ireland
, the United Kingdom
and North America
. His business has more than 7000 staff and 22 manufacturing facilities with annual sales of around $1 billion. Naughton's stake in the company is worth around £273 million with other investments including an art collection, property in Dublin and shares in the Merrion Hotel Group and the Sunday Tribune
newspaper. He was awarded with an honorary degree (Doctor of Science) for his services to promote business in Northern Ireland.
He is an alumnus of De La Salle College Dundalk
, where he funds an annual scholarship programme and is also a donor to a number of educational institutions, notably Trinity College Dublin and the University of Notre Dame
. He lives in County Meath
.
Northern Ireland
Northern Ireland is one of the four countries of the United Kingdom. Situated in the north-east of the island of Ireland, it shares a border with the Republic of Ireland to the south and west...
. In 1977, Dimplex, the leading brand in the UK electrical heating market was acquired by Glen Electrics forming the Glen Dimplex Group. The company set out acquiring further businesses across the UK with Morphy Richards
Morphy Richards
Morphy Richards is a business located in the Swinton Meadows Industrial Estate, Swinton, near Mexborough, South Yorkshire.-Product range:It specialises in the manufacture of toasters, hairdryers, bread makers, kettles and sandwich toasters and other appliances. In its early stage it also made...
, the market leader in small domestic appliances in 1985 followed by Blanella, a manufacturer of electric blankets and Burco Dean Appliances, a manufacturer of products for the catering industry, all in the same year. The 1990s saw the company forge its powers of acquisition and strategic business thinking to acquire further businesses across Europe and beyond.
An engineer by profession, Dr. Naughton has overseen his company to become the world's largest manufacturer in domestic heating appliances. His company has plants in the Republic of Ireland
Republic of Ireland
Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...
, the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
. His business has more than 7000 staff and 22 manufacturing facilities with annual sales of around $1 billion. Naughton's stake in the company is worth around £273 million with other investments including an art collection, property in Dublin and shares in the Merrion Hotel Group and the Sunday Tribune
Sunday Tribune
The Sunday Tribune was an Irish Sunday broadsheet newspaper published by Tribune Newspapers plc. It was edited in its final years by Nóirín Hegarty, who changed both the tone and the physical format of the newspaper from broadsheet to tabloid. Former editors include Conor Brady, Vincent Browne,...
newspaper. He was awarded with an honorary degree (Doctor of Science) for his services to promote business in Northern Ireland.
He is an alumnus of De La Salle College Dundalk
De La Salle College Dundalk
De La Salle College, Dundalk is a post-primary school in County Louth. The college is an all-boys' school, however it does offer a co-educational repeat Leaving Certificate year.-History:...
, where he funds an annual scholarship programme and is also a donor to a number of educational institutions, notably Trinity College Dublin and the University of Notre Dame
University of Notre Dame
The University of Notre Dame du Lac is a Catholic research university located in Notre Dame, an unincorporated community north of the city of South Bend, in St. Joseph County, Indiana, United States...
. He lives in County Meath
County Meath
County Meath is a county in Ireland. It is part of the Mid-East Region and is also located in the province of Leinster. It is named after the ancient Kingdom of Mide . Meath County Council is the local authority for the county...
.