Subsequent years – Sadiq family ownership and restructuring

The company was later acquired by the Sadiq family, joining a diversified portfolio spanning supermarket chains, confectionery manufacturing, hotels and residential property in the United States.

Against a backdrop of market uncertainty and economic downturn, the family restructured its interests. The Lancaster group was divided into five separate specialist businesses. The principal automotive glass fibre business was sold to Owens Corning, while the stone mineral wool business remained under Sadiq family ownership.